One year later, Goldman figured it out: "With AI infrastructure capital expenditure projected to reach $1.3 trillion in 2027 and $2 trillion in 2028, corresponding to 35GW and 57GW of new data center deployments respectively – the physical grid could emerge as the ultimate cons
Why now
Thesis: Grid becomes the AI buildout constraint
Catalyst to watch: Capex guidance or grid investment announcements
Main risk: Capex projections may be revised lower
Why it matters
Goldman flags the physical grid as the binding constraint on AI capex, implying sustained demand for grid and power infrastructure.
Details
One year later, Goldman figured it out: "With AI infrastructure capital expenditure projected to reach $1.3 trillion in 2027 and $2 trillion in 2028, corresponding to 35GW and 57GW of new data center deployments respectively – the physical grid could emerge as the ultimate constraint."
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- x · 2026-09-29 03:46 UTC