Global data center capacity is set to more than double from roughly 100,000 MW in 2025 to about 217,000 MW by 2030, addi…
Milk Road AI Twitter · Milk Road AI (@MilkRoadAI) · 2026-07-31
Goldman Sachs has revised global data center capacity forecasts upward three times in under a year, now projecting capacity will double from 100,000 MW in 2025 to 217,000 MW by 2030, with Milk Road AI identifying specific beneficiaries across power, cooling, nuclear, and semiconductor supply-chain layers.
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Extraction
Topics: data-center-capacityai-infrastructure-investmentpower-infrastructuresemiconductor-supply-chain
Claims
- Goldman Sachs revised global data center capacity forecasts upward three times in under a year, with the latest estimate 13% above two versions prior.
- GE Vernova booked $2.4 billion in data center electrification orders in a single quarter, more than all of 2025 combined, with organic order growth of 71%.
- Vertiv holds a $15 billion backlog following 252% order growth, positioning it as a near-pure-play on data center cooling and critical power.
- Constellation Energy runs power purchase agreements with Microsoft and Meta and became the largest private power producer in the US at 55 GW after acquiring Calpine.
- Caterpillar's Power Generation segment grew 41% for four consecutive quarters on data center demand.
- Cohu's shares rose 160% over the past year on a $750 million AI-tied sales pipeline for GPU and high-bandwidth memory testing equipment.
Key quotes
Every forecast vintage got bumped higher which means analysts keep underestimating real world demand even as they try to catch up.
If supply can't close the gap before 2030 even under the newest, upgraded forecast, that's multiple more years of pricing power for whoever controls existing capacity.
The real under the radar money is being made one layer down in the supply chain.