AI Revenue Outpaces Data‑Center Depreciation, Validating Billions in Capex
Exponential View estimates global AI sales hit $25 billion in Q1 2026, surpassing the $21 billion quarterly depreciation on data‑center and chip build‑outs. The revenue excess marks the first time AI demand covers infrastructure cost, suggesting the massive capex spree is beginning to pay off. This trend could shift investor calculus on AI‑related hardware stocks.