Bank of America has revised its capital expenditure outlook for major hyperscalers, projecting cumulative artificial intelligence investments to reach $3.6 trillion through 2028. The updated forecast reflects accelerated spending by large cloud and technology providers scaling their infrastructure to support growing artificial intelligence workloads and data center expansion.
The upward revision underscores the sustained capital commitments major technology firms are directing toward artificial intelligence hardware, networking, and facility development over the medium term.
