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Surge in Data Center Spending Driven by AI Infrastructure Boom, Expected to Reach $2.1 Trillion by 2028

Surge in Data Center Spending Driven by AI Infrastructure Boom, Expected to Reach $2.1 Trillion by 2028

Data center spending to more than double to $2.1 trillion by 2028
Data center spending to more than double to $2.1 trillion by 2028

Data center spending has been a fast-growing source of revenue for industrial firms that make generators, construction equipment, switchgears and chillers.

Data center spending to more than double to $2.1 trillion by 2028 amid AI infrastructure boom, Bank of America Says
Data center spending to more than double to $2.1 trillion by 2028 amid AI infrastructure boom, Bank of America Says

The global AI infrastructure boom is heading toward a staggering milestone. Data center spending is projected to surpass $1 trillion in 2026, then more than double to $2.1 trillion by 2028,...

Data center spending to more than double to $2.1 trillion by 2028, BofA says
Data center spending to more than double to $2.1 trillion by 2028, BofA says

Global data center spending is expected to hit $1 trillion ​in 2026 and more than double to $2.1 ‌trillion by 2028, BofA Global Research estimated in a note on Friday, driven by growing demand for...

Big Tech’s AI spending boom hides $3.6 trillion in off-balance-sheet commitments
Big Tech’s AI spending boom hides $3.6 trillion in off-balance-sheet commitments

The artificial intelligence boom is creating financial obligations far larger than the billions Big Tech reports spending on data centers, chips, and computing infrastructure. Eight major...

Gartner forecasts 15% global IT spending growth, recaps top tech predictions
Gartner forecasts 15% global IT spending growth, recaps top tech predictions

AI infrastructure and AI software will shape the next $1 trillion dollars in IT spending growth, according to Gartner. The research firm is anticipating a significant rise in AI-driven spending in...

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