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Data Centers: A Critical Facilitator in Cloud and AI Adoption - Global X

Data center investment in new capacity construction and absorption is surging in North America.1 With data center vacancy rates at unprecedented lows, the meaningful uptick in new construction projects in 2023 comes at a critical point.2 Data center capacity and pricing for space are at a premium, and we believe that demand is only likely to increase as cloud services adoption and generative AI-based products and services continue to gain traction. In our view, these dynamics can bolster revenue and profits for the entire data center ecosystem, including large cloud giants, colocation service providers, and suppliers of essential components such as chips, storage, and networking equipment.

globalxetfs.com     Nov 17, 2023