Goldman Sachs Sees AI Spending Hitting $1 Trillion

Goldman Sachs projects AI infrastructure spending could reach between $920 billion and $1.4 trillion in 2027, up from over $700 billion this year. At $1.25 trillion, that would be about 3% of GDP. Nvidia, trading at a forward P/E of 16 times fiscal 2028 estimates, remains a top beneficiary.