[Goldman Sachs: Six Tech Giants Need to Generate $1.42 Trillion in Revenue from 2028 to 2030] According to a report by Jinse Finance on September 26, Goldman Sachs recently released a research report on the U.S. technology industry, conducting a quantitative analysis of the return on investment for the ongoing expansion of artificial intelligence (AI) capital expenditures by major cloud providers. Goldman Sachs focused on six major U.S. tech companies—Alphabet, Amazon, Microsoft, Meta, Oracle, and SpaceX—conducting a revenue stress test on their compute power investments for 2026 to 2027. Assuming an average upfront investment of approximately $42 billion per gigawatt (GW) of compute power, with 70% of capital expenditures allocated to compute hardware and 30% to data center construction, and factoring in more conservative depreciation rules and ongoing operational costs, Goldman Sachs estimates that these six companies will need to collectively generate about $1.42 trillion in revenue from 2028 to 2030. This equates to approximately $11.6 billion in annual revenue per GW of compute power to achieve a 15% annualized return on invested capital (ROIC) for this round of AI compute power investments. Goldman Sachs noted that the commercial value associated with different tokens varies, and the returns on AI capital expenditures will not be entirely uniform. However, considering the market growth potential over the next three to five years, the firm still expects that capital invested in the AI sector over the next 18 months is likely to maintain strong overall returns.