Mar. 10 at 4:43 PM
Citi: AI tools are set to advance rapidly, unlocking new enterprise applications & accelerating the adoption of agentic systems & workflows
Raised its 2026-2030 global AI capex ests to
$8.9T compared to its earlier forecast of
$8T
Hyperscalers -
$AMZN $MSFT $GOOGL &
$META are expected to collectively spend more than
$630B in capex this year
F/cast global AI revs for 2026-2030 to jump to
$3.3T from its prior f/cast of
$2.8T
AI startup Anthropic has projected as much as
$26B in ARR in 2026, while ChatGPT maker OpenAI reported surpassing a
$25B vs
$21.4B it generated at the end of last year
Sees underperformance among hyperscalers as an opportunity to invest, following the AI-driven selloff in tech stocks last month
"We believe the market remains focused on challenges of bringing global data center capacity online, rising financing needs & intense competition, while overlooking elevated returns from these investments & early signs of an enterprise-driven productivity cycle"
