BofA Global Research projects global hyperscale AI‑related capital expenditure to exceed $800 bn in 2026, a 67% YoY rise.
The report expects total hyperscale capex to cross the $1 trillion mark in calendar year 2027.
Microsoft, Amazon, Alphabet and Meta lifted 2026 capex guidance to $190 bn, $200 bn, $185 bn and $135 bn respectively.
Microsoft’s AI sales run‑rate topped $37 bn (123% YoY), Amazon AWS grew 28%, and Alphabet’s search rose 19% on AI queries.