Morgan Stanley projects Alphabet, Amazon, Meta, Microsoft, and Oracle will spend $1.1 trillion on AI capex by 2027, surpassing the US defense budget.

Tech giants like Microsoft, Amazon, Google, and Meta are investing heavily in AI, with spending estimates reaching $7.6 trillion by 2031.

Morgan Stanley projects Alphabet, Amazon, Meta, Microsoft, and Oracle will spend $1.1 trillion on AI capex by 2027, surpassing the US defense budget.