Overview
- Moody’s estimates at least $3 trillion will be needed within four years for servers, facilities and additional power capacity to support AI and cloud demand.
- Six U.S. hyperscalers — Microsoft, Amazon, Alphabet, Oracle, Meta and CoreWeave — account for roughly $500 billion in planned data center spending this year.
- Banks are set to play a prominent role in funding, with more deals tapping asset-backed and commercial mortgage securities as well as private credit after heavy 2025 issuance.
- Moody’s says the buildout remains in its early stages, with a ramp-up expected over the next 12 to 18 months.
- Recent announcements highlight the acceleration, including a reported OpenAI–SoftBank investment in SB Energy for a Texas facility and a $6 billion AVAIO Digital project in Arkansas.