Goldman Sachs Projects $1.2 Trillion AI Infrastructure Spending by Big Tech in 2027

Goldman Sachs forecasts that Amazon, Alphabet, Microsoft, Oracle, and Meta will invest a combined $1.2 trillion in AI infrastructure in 2027, a more than 50 percent increase over 2025 levels and the largest investment cycle relative to GDP since 19th-century railroad construction. Power, labor, and memory chip bottlenecks could slow the pace.