AI Capex to Reach $10–15 Trillion Over Next Decade, Morgan Stanley CEO Estimates

Morgan Stanley CEO Ted Pick estimates AI capital expenditure could reach $10 trillion to $15 trillion over the next decade, with leading hyperscalers potentially spending $800 billion to $1 trillion annually on data centers and computing over a 7-12 year period, according to a report cited by Sina Finance on the 3rd. The figures represent long-term projections rather than already-executed spending. The estimate underscores the massive scale of investment required to build out AI infrastructure, a topic of growing debate among investors about whether big tech's capex burden can keep pace with actual profit growth. Watch for hyperscaler earnings reports and capex guidance updates as key indicators of whether these spending trajectories materialize.