Morgan Stanley Says U.S. Data Centre Power To Double By 2027
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Morgan Stanley analysts predict that U.S. data centre power capacity will double from 40 gigawatts in 2023 to 79 gigawatts by 2027, driven by demand for high-performance computing for generative AI. Global power usage for AI is expected to rise from 68 terawatt-hours in 2024 to 378 terawatt-hours by 2027. The asset-backed securities market is projected to reach an all-time high this year, with significant growth in new data centre builds, despite longer timelines for project completion, especially in California. Morgan Stanley's stock has increased by 9% this year.
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