Goldman Sachs: AI capital expenditure has not reached an inflection point, and the market will conduct stricter scrutiny of monetization efficiency.
60 minutes ago
U.S. stocks remain resilient amid pressure from high oil prices and elevated yields, with AI themes continuing to underpin tech sector performance. Goldman Sachs’ latest calculations have shifted market focus further toward the revenue side: top U.S. AI cloud vendors will need to generate roughly $300 billion in annualized AI revenue over the next several years to cover their current massive investments; for cloud vendors to achieve meaningful returns and the application layer to sustain high profit margins, end-users’ annual spending on AI applications will need to approach $1 trillion. Goldman Sachs analyst Ryan Hammond forecasts that hyperscale cloud vendors’ capital expenditure will reach around $800 billion in 2026, with the market consensus for 2027 standing at roughly $1.1 trillion. Goldman Sachs’ baseline scenario is that actual 2027 spending may still exceed consensus expectations, though the growth rate and the degree of upside surprise will gradually slow. For AI operations already reliant on data centers, GPUs, storage, and networking equipment, capital expenditure is not nearing a sudden contraction point; the market will closely monitor how much cloud revenue and profit each dollar of investment generates. The report does not simply turn the AI narrative into a pessimistic outlook. Goldman Sachs notes that hyperscale cloud revenue in Q2 has added roughly $70 billion in annualized terms compared to pre-AI boom trends, with announced revenue backlogs exceeding $1.5 trillion. Enterprise AI procurement remains in its early stages, and the recent acceleration in corporate spending will make AI’s impact on corporate profits clearer over the coming quarters.
Bitget hacker withdraws $1.23M in ETH from Binance, consolidates funds in single wallet
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Xie Jiayin will host a community live stream with Gracy Chen this Monday to discuss the security incident and answer questions from the community.
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Fraudsters impersonate Bank of Korea Governor Shin Hyun-song to set up investment scam accounts, with illegal stock recommendation groups still active.
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Five institutions including Bullish have formed an alliance to promote the direct linkage between tokenized stocks and shareholder registers.
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Bitget will resume withdrawals in a phased, orderly manner starting September 28.
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Yuga Labs: ERC 721C or 1155C standard NFTs may temporarily not be claimable via the NFT claim website.
12 minutes ago
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