Macro$GS10:40 AM ET

Goldman Sachs sees AI infrastructure spending rising to $1.64T by 2031

By BORSA NewsroomPublished Aug 20, 2026, 10:40 AM EDTUpdated Aug 22, 2026, 1:38 AM EDT

Goldman Sachs projects AI infrastructure spending will grow from $765B in 2026 to $1.64T by 2031, with cumulative spending over $7.6T. compute is the main driver, reaching $1.13T annually by 2031. Data center spending hits $436B, power infrastructure $73B. compute alone tops $1T by 2030.

Sentimentbullish 65

Bullish · 65 of 100

Impact30

low · stays off the top drivers

Confidence70%

moderate confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

Goldman Sachs projection: AI infrastructure spending $765B in 2026, $1.64T by 2031.