1.
The AI build-out is the largest capital investment cycle in a generation
Technology is entering an unprecedented phase of capital deployment. By 2030, around $6.7 trillion will be needed to expand data centre capacity for rising AI demand. This build out is already underway, with major companies committing record capital. The firms creating and operating this infrastructure form a rapidly growing investment universe and a defining long term growth story.
*Source: McKinsey, April 2025.