AI capex to Pass $1 trillion by 2027: Strategist

Raymond James Investment Management chief market strategist Matt Orton predicts artificial intelligence capital expenditure will surpass $1 trillion by 2027, driven by strong cloud monetization and capacity constraints, while warning that chip stocks could face a 15% to 20% sell-off if Big Tech fails to raise spending guidance.

Raymond James Investment Management chief market strategist Matt Orton predicts 2027 AI capex will top $1 trillion driven by strong cloud monetization and capacity constraints, warning that chip stocks could face a 15% to 20% sell-off if Big Tech fails to raise spending guidance.