The AI investment cycle is only accelerating:



Global data center CapEx driven by AI is projected to reach $5.2 trillion by 2030, according to McKinsey.

IT equipment would represent ~$3.3 trillion of that total, followed by data center infrastructure at ~$1.6 trillion and power generation at ~$300 billion.

This assumes 125 incremental gigawatts of new AI data center capacity added between 2025 and 2030, requiring as much electricity as ~125 nuclear reactors to power.

In an accelerated demand scenario, total CapEx could rise to $7.9 trillion, with 205 incremental gigawatts of capacity added.

A constrained scenario would require $3.7 trillion, with 78 incremental gigawatts added.

The investment is expected to be driven by mass adoption of generative AI, enterprise integration across industries, competition between mega-cap tech and other firms, and governments investing heavily in AI infrastructure.

The AI buildout is set to reach unprecedented scale.
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