- Gartner forecasts worldwide AI spending of $2.59 trillion in 2026, up 47% from $1.76 trillion in 2025, rising to $3.49 trillion in 2027.
- AI infrastructure is the largest segment at $1.43 trillion in 2026, more than 45% of all AI spending.
- Microsoft reported fiscal Q4 2026 revenue of $90.0 billion, up 18%, with Azure and other cloud services revenue up 43%.
- Meta reported Q2 2026 revenue of $60.80 billion, up 28% year over year, with capital expenditures of $31.08 billion and full-year 2026 capex guidance of $130 billion to $145 billion.
- Broadcom reported fiscal Q3 2026 revenue of $29.6 billion, up 86%, including AI semiconductor revenue of $16.7 billion, up 221%, and guided fiscal Q4 AI semiconductor revenue to $21.7 billion.
- AMD reported Q2 2026 revenue of $11.5 billion, up 50%, with Data Center revenue of $6.7 billion, up 107%, and guided Q3 revenue to approximately $13 billion.
- The Nasdaq Composite is up roughly 17% so far in 2026 as investors reward companies that sell and buy AI hardware.
Quotes
“2026 will be the inflection year”
“Demand for our custom AI accelerators and networking continues to be very strong”
“We delivered an excellent quarter, with record revenue and profitability as Data Center revenue more than doubled”