26/3/2026, 5:59:01 pm

Tech giants to boost spending on AI infrastructure

HSBC expects major tech firms like Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Oracle to keep raising capital spending amid the early phase of an AI-driven megacycle. The group may generate about $1.3 trillion in operating cash flow this year, with Nvidia seen as the fastest grower, contributing roughly 33% of growth in 2026.