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Citigroup has increased its predictions for global artificial intelligence spending and earnings between 2026 and 2030. This upward revision is driven by growing demand from businesses. Major tech companies are expected to invest heavily this year. AI startup…
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Citigroup has increased its predictions for global artificial intelligence spending and earnings between 2026 and 2030. This upward revision is driven by growing demand from businesses. Major tech companies are expected to invest heavily this year. AI startups are also reporting significant revenue growth. Citigroup sees opportunities in the technology sector despite recent market challenges.
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Citigroup said AI tools are set to advance rapidly,unlocking new enterprise applications and accelerating theadoption of agentic systems and workflows. It raised its 2026-2030 global AI capex estimates to $8.9trillion compared to its earlier forecast of $8 trillion.
Hyperscalers - Amazon, Microsoft, Alphabet and MetaPlatforms - are expected to collectively spend more than $630billion in capital spending this year. Citi also forecast global AI revenue for 2026-2030 to jumpto $3.3 trillion from its prior forecast of $2.8 trillion. AI startup Anthropic has projected as much as $26 billionin annualized revenue in 2026, while ChatGPT maker OpenAIreported surpassing a $25 billion run rate, compared with$21.4 billion it generated at the end of last year.
The bank sees underperformance among the hyperscalers asan opportunity to invest, following the AI-driven selloff intechnology stocks last month. "We believe the market remains focused on challenges ofbringing global data center capacity online, rising financingneeds and intense competition, while overlooking elevatedreturns from these investments and early signs of anenterprise-driven productivity cycle." Add
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