Business

Data Center Spending Surges Amid AI Boom

Updated 2026-09-01 18:55 UTC 1 source Neutral

Construction spending on AI data center 'shells' soared in July, rising at an annualized rate of nearly 60% from the previous year. This reflects growing investment in AI infrastructure.

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Axios

Data center construction spending surged in July

Data: U.S. Census Bureau, FactSet Construction spending on AI data center "shells" soared in July, rising at an annualized rate of nearly 60% from July 2025 levels. <strong

2026-09-01 17:15 UTC