$1 Trillion Revenue Target for Amazon, Microsoft, and Google's AI Infrastructure Investments

A recent analysis by Goldman Sachs suggests that Amazon, Microsoft, and Alphabet (Google) need to generate $1 trillion in combined revenue between 2028 and 2030 to achieve a 15% return on invested capital for their artificial intelligence infrastructure.

The companies' existing cloud service backlogs total $1.69 trillion, covering approximately 59% of the required revenue.

According to Goldman's analysis, Microsoft would need to convert about 39.6% of its current backlog into revenue, compared with 67.7% for Amazon and 77.7% for Google, to meet their respective shares of the $1 trillion revenue requirement.