Insights & Market Perspectives

The AI Capex Boom: When Does Investment Become Return?

The AI Capex Boom: When Does Investment Become Return?

Rebecca Holden, CFA
Published on: 23/09/2026

AI capital spending is surging across data centers, chips, power, and infrastructure. We examine the scale of investment and the critical question: when will it generate returns?

AI capital expendituresAI infrastructure investmentdata center investmentAI capexAI investment returns