AI Spending Surges Toward $2.53 Trillion as Hyperscalers and Chipmakers Ramp Up

Gartner forecasts global AI spending will reach $2.53 trillion in 2026 and grow to $3.33 trillion by 2027, driven largely by AI infrastructure investments from hyperscalers like Alphabet (GOOGL), Meta (META), and Amazon (AMZN). Chipmakers Nvidia (NVDA) and AMD (AMD) are also slated to spend heavily to support AI workloads and data centers, with Nvidia projecting $500 billion in AI chip sales this year and AMD suggesting the AI data-center market could be worth $1 trillion by 2030. Nvidia’s stock remains a Strong Buy among analysts, with a target around $262.75 and roughly 40% upside.