Bloomberg Surveillance · Tuesday, August 25, 2026
The global AI infrastructure market is projected to see $1.1 trillion in spending next year, a historic 40% increase, according to Ted Morrison of Baird. This surge in demand requires substantial capital investment, with companies like Broadcom and Alibaba raising significant funds. Morrison notes that while the U.S. faces regulatory and political hurdles, the build-out is a global phenomenon, with significant investment expected from the Middle East.
“I think the macro that Navidia is going to talk about, you're looking at $ 1. 1 trillion of spend next year.”
“That's up 40%. We haven't seen that. That's historic. Well, look at this here. That's historic.”
“Everybody in the food chain has got to raise hundreds of billions of dollars to equate to a $ 1. 1 billion spend next year. There's going to have to be funding. So with that, I think the cost of capital from a return on invested capital is an issue.”