Money For the Rest of Us · Wednesday, July 29, 2026
A significant portion of the estimated $6-7 trillion investment in AI infrastructure, including data centers and power grids, will be funded by debt. Specifically, JP Morgan estimates that 75% of this capital expenditure, approximately $4 trillion, will come from new debt issuance. This represents a substantial portion of the overall corporate bond market.
“Now the overall CapEx, capital expenditures estimates by JP Morgan, McKinsey, and Goldman Sachs, and they're just estimates, anywhere from $6 trillion to $7 trillion invested in data centers and infrastructure, power grids to power these data centers.”
“But they estimate, and this is JP Morgan specifically, 75% of this CapEx will be funded with debt. That's about $4 trillion of new debt outstanding linked to the AI infrastructure buildout.”
“So, roughly a third, really, of new debt issuance as a percentage of the overall bond market, the US bond market, will be AI debt. That's meaningful.”