Goldman Sachs expects Big Tech to spend $1.2 trillion on AI infrastructure by 2027, dwarfing Wall Street estimates

Goldman Sachs projects that Amazon, Alphabet, Microsoft, Oracle, and Meta will pour a combined $1.2 trillion into AI infrastructure in 2027, more than 50 percent above this year's levels. Measured against GDP, it would be the biggest investment cycle since railroad construction in the 19th century. Bottlenecks in power, labor, and memory chips could slow the pace, though.