BlockBeats News, July 14th - Morgan Stanley analyst Brian Nowak believes that capital expenditure by large tech companies on artificial intelligence data centers has not yet peaked, and the market's concern about a slowdown in AI investment may be premature.

The bank has raised its capital expenditure forecasts for Amazon, Meta, and Google, expecting AI data center spending by large platforms such as Meta, Amazon, Alphabet, Microsoft, and SpaceX to reach around $1.2 trillion in 2027 and further increase to about $1.4 trillion in 2028.

Morgan Stanley stated that supply chain bottlenecks, increased computing power demand, and rising costs of key components are driving hyperscalers to accelerate their construction pace. The bank projects that Meta's 2028 capital expenditure could reach around $250 billion, Amazon could reach around $318 billion, and Google's 2027 capital expenditure could reach around $350 billion. Nowak remains bullish on the long-term AI investment returns of the related companies and maintains a positive rating for Meta and Amazon.