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U.S. data center construction soars to record $51 billion a year, Joseph Politano notes

U.S. data center construction soars to record $51 billion a year, Joseph Politano notes
U.S. data center building hits $51 billion

Joseph Politano reports that U.S. data center construction has reached a new record, rising to an annual rate of nearly $51 billion according to official data. This figure covers only physical data center facilities and excludes the cost of computing equipment inside.

Spending on data center construction is up 28% over the last year and shows a 268% increase since the launch of ChatGPT.

Politano previously reported that U.S. imports of large computers set a record $340 billion annual pace, rising 130% over the past year. The surge in imports has coincided with increased demand for AI capabilities. He also recently noted that Canadian GDP rose 1 percent year over year in February, extending the country’s expansion streak.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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