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Goldman Sachs forecasts AI infrastructure spending reaches $920 billion to $1.4 trillion in 2027, up from $700 billion. Alphabet plans $180B, $190B in AI capex, leveraging TPUs to cut costs and boost cloud revenue. Broadcom receives direct orders from Anthropic for Alphabet's TPU chips.
CoreWeave and Nebius provide AI cloud capacity with faster growth than AWS Azure and Google Cloud. CoreWeave and Nebius grew at faster rates due to smaller scale and specialized AI infrastructure. Google Cloud achieved 63% growth using TPUs for deep learning workloads. AWS grew revenue 28% in Q1 with 59% of Amazon's operating income.
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