Bloomberg Surveillance · Tuesday, September 8, 2026
Stuart Kaiser projected that global AI CapEx will reach approximately $1 trillion next year and $4 trillion by 2030, largely driven by the need for data centers located near users for services like AI chat. This trend is global, requiring significant build-outs in China and Europe, and is expected to continue aggressively for at least the next 4-12 quarters.
“They have a trillion dollars of CapEx globally next year and almost $ 4 trillion by 2030. So unless these companies pull back the reins, and I don't see them doing that unless they don't expect to earn the return on it, I think we have another few years here of just very aggressive spending.”
“And this is not just a U.S. Story. About two-thirds of all data centers are in the U.S. To do active chat from an AI perspective, you need to be within about 100 miles of the person doing the chat, which means this is a global story. You're going to need data centers built out in China and in Europe as well. So again, I- take your point, but we do expect the spending to continue at least for the next four, eight, 12 quarters.”