BREAKING
BlackRock: AI Capex Stable 2-3 Years
0
B
2026 capex
0
T
2027 outlook
Microsoft, Alphabet lead the pack
Microsoft
190
Alphabet
190
Where the money goes
1
Data centers
↓
2
GPU/ASIC chips
↓
3
Networking gear
Multi-year cycle or bubble?
Bull case
BlackRock
●
Multi-year AI demand
●
Commitments hold despite debt
Bear case
Skeptics
●
Stretched valuations
●
Monetization unclear
Monetization is the key test
AI NEWS BLITZ
BlackRock's Helen Jewell says AI spending will hold steady for the next two to three years.