Data Centers
The physical layer of the AI boom: the landlords, power providers, equipment makers, and hardware vendors turning roughly $380B a year of hyperscaler capital into powered, cooled, connected capacity. This is not one industry but six value chains pulled by the same demand: colocation and REITs, power generation and gas supply, electrical gear, cooling, construction, and the servers and networking that fill the racks. The binding constraint has shifted from chips to electricity.
Frequently asked questions
What is the Data Centers sector?
The physical layer of the AI boom: the landlords, power providers, equipment makers, and hardware vendors turning roughly $380B a year of hyperscaler capital into powered, cooled, connected capacity. This is not one industry but six value chains pulled by the same demand: colocation and REITs, power generation and gas supply, electrical gear, cooling, construction, and the servers and networking that fill the racks. The binding constraint has shifted from chips to electricity.
