Citi raises AI services revenue forecasts for 2026-2028
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Citi raised its AI services revenue forecasts for 2026-2028, citing the growing influence of major cloud providers as a key driver of the upgrade. The revised outlook underscores how hyperscalers' AI infrastructure spending is expected to translate into higher services revenue across the technology sector, potentially reshaping global tech investment dynamics. The bank's move signals increased confidence in monetization of AI capabilities by large cloud platforms over the forecast period. Analysts will be watching whether cloud providers' capital expenditure plans and enterprise AI adoption rates support the higher trajectory. The revision may also influence how investors position across AI-related equities and crypto-linked AI tokens. Further details on the magnitude of the forecast changes were not disclosed in the announcement.
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