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AI Investment Tops Residential as Hyperscaler Capex Soars

By Drooid · Sep 20, 2026, 10:06 PM UTC · How we work

Summary

Story summary

Fed vice president Adam Shapiro says U.S. AI investment now exceeds residential investment.
Residential fixed investment fell to $748 billion in Q2, 18% below its early-2021 peak.
Spending on information processing equipment rose 51% to $752 billion in Q2.
Six hyperscalers’ capex is projected at $1.3 trillion in 2027, up from $870 billion in 2026.
S&P Global warns AI capex may outpace revenue, risking overcapacity before 2028.

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Story summary

Fed vice president Adam Shapiro says U.S. AI investment now exceeds residential investment.
Residential fixed investment fell to $748 billion in Q2, 18% below its early-2021 peak.
Spending on information processing equipment rose 51% to $752 billion in Q2.
Six hyperscalers’ capex is projected at $1.3 trillion in 2027, up from $870 billion in 2026.
S&P Global warns AI capex may outpace revenue, risking overcapacity before 2028.