Private Capital to Fund Microsoft’s AI Data Centers as Capex Forecast Jumps to $5.3 Trillion
MSFT•Goldman Sachs raised its combined capex forecast for hyperscalers to $5.3 trillion for fiscal 2025–2030 from $4.5 trillion and said private infrastructure and real estate capital will finance Microsoft's AI data center growth. Nvidia CEO Jensen Huang called ROI “insanely profitable” over the past six months, citing partners like Microsoft.
1. Goldman Sachs Raises Hyperscaler Capex Forecast
Goldman Sachs increased its combined capex projection for the four leading cloud and AI hyperscalers to $5.3 trillion for fiscal years 2025–2030, up from its prior $4.5 trillion estimate, and highlighted that private infrastructure and real estate capital will play a larger role in financing Microsoft's AI-driven data center expansion.
2. Nvidia CEO Highlights AI Profitability
At a closed-door event in Taipei, Nvidia CEO Jensen Huang stated that AI returns have been “insanely profitable” over the past six months, and he cited Microsoft among the partners benefiting from the technology’s rapid value creation.
