Moody’s Predicts $3 Trillion Investment Required for Data Centers by 2030

At least $3 trillion is set to flow into data-center-related investments over the next five years, capital that will rely on the might of multiple areas of the credit markets to provide, according to Moody’s Ratings.

Trillions of dollars will need to be invested across servers, computing equipment, data center facilities, and new power capacity to support the booming sectors of artificial intelligence and cloud computing, as highlighted in a recent report by the ratings firm.

Much of this capital will originate from major tech companies that are grappling with surging demand for data centers and the energy required to operate them. Six prominent U.S. hyperscalers—Microsoft Corp., Amazon.com Inc., Alphabet Inc., Oracle Corp., Meta Platforms Inc., and CoreWeave Inc.—are projected to reach $500 billion in data center investments this year, driven by ongoing capacity growth, according to Moody’s.

Banks are expected to maintain a “prominent role” in financing these ventures, with other institutional investors increasingly stepping in to lend alongside banks, given the substantial capital requirements. The report indicates that more U.S. data centers will likely tap into asset-backed securities, commercial mortgage-backed securities, and private credit markets for refinancing their debts. New financings are anticipated to grow in size and concentration, following record levels of issuance in 2025.

Related: Goldman Sachs Warns US Grids Face Power Crunch by 2030

In the U.S. asset-backed securities (ABS) market, approximately $15 billion was issued in 2025. Moody’s expects this volume to “grow considerably” this year, partly due to loans for data center construction.

The enormous debt required to fuel the AI revolution has sparked concerns about a potential bubble, which could adversely affect equity and credit investors if some technologies fail to meet high expectations. Nevertheless, the demand for new data center capacity remains robust, with Moody’s projecting that the race to build new facilities is still in its “early stages.” Growth is expected to continue globally over the next 12 to 18 months.

“Capacity will be needed at some point in the next 10 years or so,” stated John Medina, senior vice president at Moody’s. He added that predicting the pace of adoption is challenging as new technologies emerge rapidly. “A ChatGPT that didn’t exist three years ago now uses a lot of compute.”

Photo: An Amazon Web Services data center in Ashburn, Virginia. Photographer: Nathan Howard/Bloomberg

Copyright 2026 Bloomberg.

At least $3 trillion is set to flow into data-center-related investments over the next five years, capital that will rely on the might of multiple areas of the credit markets to provide, according to Moody’s Ratings.

Trillions of dollars will need to be invested across servers, computing equipment, data center facilities, and new power capacity to support the booming sectors of artificial intelligence and cloud computing, as highlighted in a recent report by the ratings firm.

Much of this capital will originate from major tech companies that are grappling with surging demand for data centers and the energy required to operate them. Six prominent U.S. hyperscalers—Microsoft Corp., Amazon.com Inc., Alphabet Inc., Oracle Corp., Meta Platforms Inc., and CoreWeave Inc.—are projected to reach $500 billion in data center investments this year, driven by ongoing capacity growth, according to Moody’s.

Banks are expected to maintain a “prominent role” in financing these ventures, with other institutional investors increasingly stepping in to lend alongside banks, given the substantial capital requirements. The report indicates that more U.S. data centers will likely tap into asset-backed securities, commercial mortgage-backed securities, and private credit markets for refinancing their debts. New financings are anticipated to grow in size and concentration, following record levels of issuance in 2025.

Related: Goldman Sachs Warns US Grids Face Power Crunch by 2030

In the U.S. asset-backed securities (ABS) market, approximately $15 billion was issued in 2025. Moody’s expects this volume to “grow considerably” this year, partly due to loans for data center construction.

The enormous debt required to fuel the AI revolution has sparked concerns about a potential bubble, which could adversely affect equity and credit investors if some technologies fail to meet high expectations. Nevertheless, the demand for new data center capacity remains robust, with Moody’s projecting that the race to build new facilities is still in its “early stages.” Growth is expected to continue globally over the next 12 to 18 months.

“Capacity will be needed at some point in the next 10 years or so,” stated John Medina, senior vice president at Moody’s. He added that predicting the pace of adoption is challenging as new technologies emerge rapidly. “A ChatGPT that didn’t exist three years ago now uses a lot of compute.”

Photo: An Amazon Web Services data center in Ashburn, Virginia. Photographer: Nathan Howard/Bloomberg

Copyright 2026 Bloomberg.