**Key Points on AI Infrastructure Spending**
Tech giants including Microsoft, Meta, Amazon, and Alphabet are anticipated to spend up to $1 trillion on artificial intelligence (AI) by 2027, with an estimated $732.5 billion in capital expenditures (capex) expected in 2026 alone, according to projections from Goldman Sachs and JPMorgan Chase.
Vertiv, specializing in AI infrastructure with products like high-density power management and cooling solutions, reported a 24% year-over-year increase in net sales for Q2, totaling $3.27 billion and raising its annual sales projection to $14 billion. Meanwhile, Eaton, which has transitioned from a legacy electrical supplier to a comprehensive chip-to-grid provider, achieved record revenue of $8.5 billion in Q2, marking a 21% growth driven by an 85% surge in orders within the data center market.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
