Ark Invest: The world is in the early stages of a capital expenditure boom driven by AI that has lasted for many years According to a report by Golden Finance, Ark Invest, a subsidiary of Cathie Wood, believes that the world is currently in the early stages of a capital expenditure (CapEx) boom driven by artificial intelligence and lasting for many years - this time driven not by traditional infrastructure, but by AI. In a report released on Monday, the company identified three accelerating trends: the release of more powerful AI models, the contraction of traditional automakers' electric vehicle strategies, and the breakthrough integration between AI, robotics, and biotechnology. This optimistic sentiment is increasingly being echoed by heavyweight institutions on Wall Street, including Goldman Sachs. Goldman Sachs has raised its AI related capital expenditure forecast for 2026 to $527 billion and pointed out that the spending of hyperscalers is significantly higher than previously agreed upon by the market. The so-called hyperscalers (such as Google Cloud, AWS, and Microsoft Azure) refer to cloud service providers that can provide large-scale cloud computing, storage, and other AI related services, and support high-capacity scaling. The report views the massive capital expenditures announced by tech giants such as Amazon and Google as the "fuel" for the upcoming wave of productivity, rather than a threat to short-term profits. This wave is expected to reshape the entire industry. BlackRock also reinforced this view in its 2026 global outlook, pointing out that a shift is happening: the massive balance sheets of a few tech giants are now large enough to drive national GDP growth and broader market liquidity. ARK analysts wrote in the report: "Expanding the AI frontier will require significant investments in infrastructure. ”The company also pointed out that the capital expenditure forecasts released by Google and Amazon last week were "significantly higher than market consensus expectations".