BofA lifts hyperscaler AI spending forecast to $3.6tn by 2028
UKPulse Money Desk
Bank of America has raised its forecast for hyperscaler artificial intelligence capital expenditure to $3.6 trillion through 2028, according to a report from Investing.com UK.
- BofA increased its hyperscaler AI capex outlook to $3.6tn through 2028.
- The revised forecast was reported by Investing.com UK on 18 August 2026.
Bank of America has raised its outlook for hyperscaler artificial intelligence capital expenditure to $3.6 trillion through 2028, according to a report published by Investing.com UK.
The revised figure represents an increase in the bank's previous expectations for spending by major cloud and data centre operators on AI infrastructure over the period.