Goldman Sachs' new $125 billion estimate for U.S. data center construction in 2028 extends a rising three-year outlook, as the bank's CEO voiced confidence in continued investment.
Goldman Sachs revised its 2026 construction estimate to $80 billion, compared with $67 billion before. For 2027, the bank's current figure is $100 billion, versus $87 billion previously. It had not issued a 2028 figure before, making the new $125 billion projection its first for that year.
On the broader outlook, Solomon said U.S. projects to expand data-center and computing capacity could attract significant investment. The bank's projections cover construction spending, while Solomon's remarks address investment in facilities and computing resources.
