JPMorgan Chase: AI Capital Spending to Hit $870B in 2026, Up 77% YoY

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According to JPMorgan Chase's U.S. equity strategy report released on July 20, global AI-related capital expenditure is expected to reach approximately $870 billion in 2026, representing a 77% year-over-year increase, with hyperscalers contributing about $750 billion. In 2027, major cloud providers are projected to maintain strong growth momentum: Google at $300 billion, Amazon at $300 billion, and Meta at $200 billion.
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