Citigroup Raises Cloud Capital Expenditure Forecast to $730.9 Billion for 2026

Citigroup increased its forecast for the five major cloud operators' 2026 data center capital expenditures by 16% to $730.9 billion. The report projects that global hyperscale cloud service providers' capex will exceed $1.16 trillion by 2028.

So What

Hyperscalers are committing unprecedented capital to AI data centers, driving sustained demand for compute and networking infrastructure through 2028.

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Citigroup Raises Cloud Capital Expenditure Forecast to $730.9 Billion for 2026

FTNN Finance · RSS · 1d ago

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Updated 1d ago · 1 source

Citigroup Raises Cloud Capital Expenditure Forecast to $730.9 Billion for 2026

Citigroup increased its forecast for the five major cloud operators' 2026 data center capital expenditures by 16% to $730.9 billion. The report projects that global hyperscale cloud service providers' capex will exceed $1.16 trillion by 2028.

So What

Hyperscalers are committing unprecedented capital to AI data centers, driving sustained demand for compute and networking infrastructure through 2028.

Read Source→