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U.S. data center building climbs to $60 billion pace, Joseph Politano notes

U.S. data center building climbs to $60 billion pace, Joseph Politano notes
U.S. data center spending sets record high

Joseph Politano reports that U.S. data center construction has reached another record high, with spending now at an annualized pace of nearly $60 billion. This figure, based on official data released today, covers only the construction of data center facilities and excludes the computers housed within these centers.

Politano adds that spending on data centers is up 23% over the last year and has surged 328% since the launch of ChatGPT.

Politano previously highlighted that U.S. CPI inflation reached 4.2% year-on-year, the highest since 2023. Core CPI inflation also rose to 2.9%. These indicators reflect continued shifts in major U.S. economic benchmarks.

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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