TechnologyAI Investment Shift Expected by 2028 from Hardware to Software
Morgan Stanley Research predicts a major shift in AI investment focus by 2028. While heavy spending on chips, servers, and data centers has driven AI growth so far, capital expenditure growth by hyperscalers and neo-cloud companies is expected to slow sharply—from 93% in 2026 to 14% in 2028. This suggests a transition from hardware infrastructure to AI software and applications, though data center expansion will continue amid challenges like power and labor constraints.
Amar Business·16h ago




