Goldman Sachs
June 3, 2026
AI Project Pulse May 2026
Market ReportEquitiesMacro Economic IndicatorsInformation TechnologyHealth Care
The report tracks May 2026 developments in AI infrastructure, noting a trend of neocloud vertical integration via M&A and a rise in hybrid enterprise AI deployments.
Key Takeaways
- 1.Neoclouds are vertically integrating software and orchestration layers to pivot from selling raw compute to providing production-ready managed inference services.
- 2.Enterprise demand is shifting toward on-premise and hybrid AI deployments across diverse sectors including manufacturing, healthcare, and finance.
- 3.Large-scale capital commitments for AI infrastructure continue, highlighted by multi-billion dollar deals from Blackstone, Akamai, and IREN.
Table of Contents
- AI Project Pulse
- Neoclouds & data center operators
- Sovereign & Enterprise
- Dell highlights several infrastructure enterprise customers across different industries
- Dell announces new hardware and platform solutions to support agentic AI workloads
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Katherine MurphyMichael Ng, CFAZorayda Montemayor
Securities
DELLIRENNVDAAKAMBXLLY
Themes
Neocloud Vertical IntegrationHybrid/On-Premise AI DeploymentGPU Supply Dynamics (NVIDIA Blackwell)
Regions
North AmericaAsia PacificEuropeUnited StatesAustraliaNetherlands