JPMorgan projects $5.5 trillion in global AI capex by 2030 as Big Tech and former Bitcoin miners raise billions through debt and equity for data center

Morgan Stanley projects Alphabet, Amazon, Meta, Microsoft, and Oracle will spend $1.1 trillion on AI capex by 2027, surpassing the US defense budget.

JPMorgan projects $5.5 trillion in global AI capex by 2030 as Big Tech and former Bitcoin miners raise billions through debt and equity for data center