Global spending on AI infrastructure is still rising fast. Goldman Sachs Group (GS) says hyperscaler capital spending is on track to reach roughly $757 billion in 2026, as Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOGL), and Meta Platforms (META) keep building out their AI systems.
That comes on top of a data center deal market that already topped $61 billion through 2025, and some forecasts now put global AI infrastructure spending at as much as $6.7 trillion by 2030, with about $3.1 trillion of that going to AI chips and data centers alone. That kind of demand is what has brought 3M Company @MMM into the AI conversation.