Goldman Sees Hyperscaler AI Capex Rising 50% to $1.2 Trillion

Goldman Sachs strategists project that combined capital expenditures by the five largest U.S. hyperscalers will grow by 50% next year, reaching $1.2 trillion. This surge in spending highlights the massive financial commitment by major technology companies to build out the infrastructure necessary for AI development. The scale of this investment indicates a sustained, industry-wide belief that data center and hardware capacity remains a critical bottleneck for future AI growth.