“Annual data center capital expenditure will reach $1 trillion by 2028: 'I've said before that I expect data center buildout to reach $1 trillion, and I'm fairly certain that we're going to reach that very soon' — driven by accelerated computing and the recognition that the future of software requires capital investment.”
Co-founder and CEO, NVIDIA
Said Mar 18, 2025Deadline Dec 31, 2028NVIDIA GTC 2025 keynote, San Jose — March 18, 2025 (analysis via I/O Fund)
Resolves at the end of 2028 against industry-wide data center capex. Independent forecasters (e.g., Dell'Oro) put the $1 trillion annual mark a year later, in 2029.