Key Highlights from Zacks Analyst Blog
On April 29, 2026, major tech companies including Meta Platforms, Alphabet, Microsoft, and Amazon reported earnings, collectively increasing their artificial intelligence (AI) capital expenditure budget to $725 billion for 2026, up from the previously estimated $670 billion. This increase is largely attributed to escalating AI infrastructure costs and the expansion of data center capacities.
Research forecasts indicate that global AI-powered data center capital expenditures could reach approximately $7 trillion by 2030. Companies like NVIDIA, Broadcom, and Micron are positioned to benefit from this growth. NVIDIA is set to ship its new AI superchip, Vera Rubin, in late 2026, while Micron is capitalizing on the growing demand for high-bandwidth memory, essential for AI infrastructure. Broadcom is also thriving due to its AI semiconductor solutions, reflecting the broader trend of increased investment in AI technologies across the sector.
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