J.P. Morgan raises 2027 data center capex growth to +70%, sees record $400B+ increase

J.P. Morgan raised 2027 data center capex growth to +70%, with top US CSPs expected at +85% growth in 2026 and +70% in 2027, a record $400B+ increase in 2027 and another $270B step-up in 2026. The bank sees 2027 capital expenditure at roughly $1.4 trillion before plateauing 2028-2030, per a social post relaying the bank's view on hyperscalers including Alphabet, Amazon, Meta, Microsoft and Oracle.

Detected & updated continuously · Source: Nebula