David Sacks Says AI Could Drive 75% Of US GDP Growth As Morgan Stanley Sees Big Tech AI Capex Surging Past $800 Billion In 2026

On Sunday, former White House AI and crypto czar David Sacks said artificial intelligence is rapidly becoming one of the most powerful drivers of the U.S. economy as Morgan Stanley raised its forecast for hyperscaler AI infrastructure spending.
Morgan Stanley Projects Massive AI Capex Boom From Big Tech
Morgan Stanley now expects Amazon.com Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:META), Microsoft Corp. (NASDAQ:MSFT) and Oracle Corp. (NYSE:ORCL) to collectively spend about $805 billion in capital expenditures in 2026, up from its prior $765 billion estimate.
For 2027, projected spending has climbed to roughly $1.1 trillion, compared with an earlier $951 billion forecast.


Morgan Stanley has again raised its capex forecasts for the five hy