Update
Nvidia Expected to Capture $700 Billion of AI Capex
Morgan Stanley projects global AI-related capital expenditures to reach approximately $1.6 trillion by 2027, with Nvidia expected to capture about $700 billion of that amount. The report, based on Morgan Stanley’s funnel model, estimates that about 65% of total AI capex, or $1.03 trillion, will flow to companies in the S&P 500. Nvidia is projected to take about two-thirds of that S&P 500 share, with semiconductors and servers accounting for about 42% of total AI capex.