GS · News · 20261107N

AI Infrastructure Investment Outlook

GOLDMAN SACHS GROUP INC · 2026-11-07 · Importance 32 · Surprise 48

Goldman Sachs raised its global data center capacity forecast to 273 GW by 2030 from 217 GW, citing stronger AI infrastructure demand and anticipated project announcements. The forecast implies 170 GW of additional capacity from 2025, when global supply was approximately 103 GW. Goldman estimates that the expansion could require $8.5 trillion in cumulative capital expenditure over five years, based on $50 billion per gigawatt including computing infrastructure. Annual global capacity additions are projected at 25 GW in 2026, 32 GW in 2027 and 35 GW in 2028.

Key facts

• The expansion in data center capacity could require $8.5 trillion in cumulative capital expenditure over five years, based on an estimated $50 billion per gigawatt, including computing infrastructure. source
• Goldman Sachs raised its forecast for global data center capacity to 273 gigawatts by 2030 from 217 gigawatts previously. source
• Goldman Sachs's revised outlook implies 170 GW of additional capacity from 2025, when worldwide supply stood at approximately 103 GW. source
• Goldman Sachs projected annual global data center capacity additions of 25 GW in 2026, 32 GW in 2027, and 35 GW in 2028. source