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JP Morgan and McKinsey forecast a combined investment of $5 to $7 trillion in global data centres from 2026 to 2030, indicating an annual capital expenditure of $1 trillion. Notably, Bank of America estimates a cost of $50 billion per gigawatt, while Morgan Stanley anticipates $3 trillion in capex by 2028. The rise of the GPU-as-a-Service model and concerns over the sustainability of AI investments are also highlighted in the current market landscape.