New York, October 8th ( PRNewswire ) – According to a Wall Street Investor news commentary, Gartner predicts that global spending on artificial intelligence will reach $2.59 trillion in 2026, a 47% increase from $1.76 trillion in 2025, and will rise to $3.49 trillion in 2027.

Among them, infrastructure will account for the largest share this year, reaching $1.43 trillion, which is more than 45% of all AI expenditures. Gartner Distinguished Vice President Analyst John - David Lovelock stated: "2026 will be a turning point year."

Active companies with the latest developments this week in the market include:

• Microsoft Corporation ( NASDAQ : MSFT )
• Meta Platforms, Inc. (NASDAQ : META)
• Broadcom Corporation ( NASDAQ : AVGO )
• Advanced Micro Devices, Inc. (NASDAQ : AMD)

This prediction has also been reflected in the market. Last week, tech stocks led the gains again, with the Nasdaq Composite Index rising by about 17% so far this year. Investors continue to reward those companies that sell and purchase the hardware behind AI.

There are two types of companies that drive spending: one is large cloud and internet platforms, which are building data centers to train and run AI models; the other is chip companies, which provide processors, custom accelerators, and networking equipment for these data centers.

Data from the latest financial reporting season indicates that such expenditures have become highly concentrated. The largest platforms now pledge annual capital expenditures of over $100 billion each, while the growth rates reported by their suppliers are more akin to those of earlier-stage companies, rather than one of the world's largest enterprises.

The open question facing investors is no longer whether the AI expenditures are genuine, but rather how much longer this trend can continue, and which links in the supply chain will reap the most benefits.

Continue reading... For more market comments, see wsi.news.

Other industry developments and market trends this week include:

Microsoft Corporation ( NASDAQ : MSFT )

Microsoft announced revenue of $90 billion in the fourth quarter of fiscal year 2026, a year-on-year increase of 18%; of which Microsoft Cloud had revenue of $59.3 billion, a year-on-year increase of 27%, and revenue from Azure and other cloud services grew by 43%.

Microsoft Chairman and CEO Satya Nadella stated: "This year, Azure revenue exceeded $100 billion for the first time, and the number of paid seats for Microsoft 365 Copilot has surpassed 30 million."

Meta Platforms, Inc. (NASDAQ : META)

Meta announced revenue of $60.8 billion in the second quarter of 2026, a year-on-year increase of 28%; capital expenditure for that quarter was $31.08 billion. The company expects annual capital expenditure for 2026 to be between $130 billion and $145 billion.

Meta Founder and CEO Mark Zuckerberg stated: "The results are already beginning to show, and I am optimistic about the potential for the future."

Broadcom Corporation ( NASDAQ : AVGO )

Broadcom reported revenue of $29.6 billion in the third quarter of fiscal year 2026, a year-on-year increase of 86%; of which AI semiconductor revenue was $16.7 billion, a year-on-year increase of 221%. The company expects revenue in the fourth quarter to be around $34.8 billion, and AI semiconductor revenue is expected to reach $21.7 billion.

Broadcom President and CEO Hock Tan stated: "The demand for our custom AI accelerators and networking products continues to be very strong."

Advanced Micro Devices, Inc. (NASDAQ : AMD)

AMD announced revenue of $11.5 billion for the second quarter of 2026, a year-on-year increase of 50%; of which, the data center business generated revenue of $6.7 billion, a year-on-year increase of 107%. The company expects revenue for the third quarter to be around $13 billion, with a fluctuation of $300 million.

AMD Chairman and CEO Dr. Lisa Su stated: "We have delivered an outstanding quarterly performance, with both revenue and profitability setting records, and data center revenue has more than doubled."

Studying a stock usually means piecing together prices, financial data, news, and analyst opinions across a dozen tabs. Luxor IQ launched by Quote Daddy can do all of this in one step. By entering a US stock code, it compiles real-time prices, one-year trend data, fundamental analysis, news, and analyst ratings into a clear research note written by AI, covering valuation, financial health, and key risks. Users can generate three reports for free every day on the web page or within the Quote Daddy app, with the URL being ai.quotedaddy.com.

Contact Information: wsi.news

Media contact: [ email protected ]

This article is distributed by Wall Street Investor ( wsi.news ), which is affiliated with a joint venture. This joint venture is jointly held by the Irish-registered company Market Equities Limited (“ MEL ”) and the Tennessee limited liability companies Mining Stock and LLC (“ Mining Stock ”) in terms of net profit equity. This article is an independent market commentary and is published for free. Neither MEL nor Mining Stock has received any compensation from any of the companies mentioned in this article for the production or distribution of this article, and they do not have any advertising or digital media agreements with these companies. The companies mentioned in this article have not reviewed or approved this article.

MEL, Mining Stock and their respective owners, operators, directors, and related parties may from time to time hold positions in the securities mentioned in this document or in broad-based index funds that track these securities, and retain the right to purchase, sell, or hold such securities at any time without prior notice.

The information in this article comes from sources considered reliable, including company press releases, regulatory filings, and third-party market research; however, its accuracy cannot be guaranteed. Investing in securities carries risks, including the potential loss of part or all of the investment.

The companies mentioned in the text are only used as a reference for market and industry context, as well as summaries of their own public press releases. The text does not imply any cooperation, affiliation, or endorsement, and it does not constitute advice to buy, sell, or hold any securities. Quotations attributed to company executives are reproduced from these companies' press releases. The financial results cited are all from the most recent completed quarterly reports of each company. The expenditure data indicated with AI are predictions by third parties for the entire market and do not represent the income that can be attributed to any of the companies mentioned in the text.

Luxor IQ Disclosure: Luxor IQ is a research tool developed by Quote Daddy, and Quote Daddy is a related stock tracking application owned by the publisher of this article. Mentioning these products here constitutes promotion of associated products. The Luxor IQ report is generated by artificial intelligence and may contain errors; it is provided for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Please conduct your own research before making any investment decisions.

Forward-looking Statements: This document may contain forward-looking statements as defined under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements made by the companies in their own press releases as well as forecasts by third parties. Such statements involve risks and uncertainties, and actual results may differ significantly from those stated. Readers should refer to each company’s SEC filing documents for more information.