Glen Gilmore: BofA projects data center spending to hit $2.1 trillion by 2028

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24.10.2026

Glen Gilmore: BofA projects data center spending to hit $2.1 trillion by 2028 — BofA sees $2.1 trillion data center spend

Bank of America (BofA) projects that global data center spending will more than double to reach $2.1 trillion by 2028.

Glen Gilmore reported this estimate on social media, highlighting BofA's outlook on substantial growth in the sector.

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Gilmore has previously reported on a $100 billion investment surge in space infrastructure driven by a shortage of SpaceX launches. In another update, he noted that over 60 U.S. stocks, including Nvidia and Tesla, will be tokenized for trading against stablecoins. These developments highlight his ongoing coverage of large-scale investments across technology sectors.

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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