AI-related capex has exploded from a few hundred billion dollars in 2021 to a projected roughly $800B in 2026, with US hyperscalers driving most of the increase.
BIS is warning that this spending boom supports growth now, but it also creates crash risk if AI revenues fail to justify the buildout.
Rohan Paul@rohanpaul_ai
https://www.bis.org/publ/arpdf/ar2026e1.htm
US imports of AI-enabling products from Asia have surged, while China’s share collapsed and supply shifted toward ASEAN, Taiwan, and Korea.
That supports the BIS point that the AI boom is tied to a huge hardware supply chain, so any shock to chips, power, trade routes, or financing can spread beyond tech stocks.
3:46 PM · Jun 28, 2026 · 319 Views
