高盛-AI数据中心电力需求:超大型云服务商再投资上升如何影响6 Ps驱动电力增长制约-GS SUSTAIN:AIDATA CENTER POWER DEMAND How rising hyperscaler reinvestment impacts the 6 Ps driving power growthconstr-20260223.pdfVIP
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- 2026-02-28 发布于山西
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EquityResearch
23February2026|4:00PMEST
GSSUSTAIN:AI/DATACENTERPOWERDEMAND
Howrisinghyperscalerreinvestmentimpactsthe6Psdrivingpower
growth/constraints
RisinghyperscalerinvestmentalongwithAIserverdeploymentforbothtrainingandBrianSinger,CFA
+1(212)902-8259|brian.singer@
inferencearedrivingupwardrevisionstoourdatacenterpowerdemandoutlook,inGoldmanSachsCo.LLC
particularintheUS.Atthesametime,industryandinvestorconcernsarerisingover:CarlyDavenport
+1(212)357-1914|
(a)whetherindustryexecutioncanmeetorexceedourrevisedoutlook;and(b)carly.davenport@
GoldmanSachsCo.LLC
whetherrisinghyperscalerreinvestmentratesandprojectedfallingcorporate
returnsaremovingtheAIInnovationCycleclosertotheExecutionPhasefromtheMichaelNg,CFA
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