Goldman Sachs: Cloud Giants to Spend $5.8 Trillion on AI Through 2030, Straining Bond Market Capacity

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According to Goldman Sachs equity research, the five major cloud providers—Microsoft, Amazon, Meta, Google, and Oracle—are projected to collectively spend $5.8 trillion on artificial intelligence capital expenditures between fiscal years 2025 and 2030. Goldman Sachs notes that as financing needs expand, the U.S. investment-grade bond market may face constraints from issuer concentration and capacity limits, requiring diversified funding channels including public bonds, loans, private capital, and project financing.
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