The global data center market is projected to grow significantly with a shift towards AI.
From Yahoo Finance: 2025-03-30 18:18:00
- The global data center market is set to grow from $242.72 billion in 2024 to $585 billion by 2032, with North America leading in market share at nearly 39%, according to a Fortune Business Insights report.
- Generative AI is impacting the sector with deep learning models requiring significant computing power, leading to a shift towards hybrid and multi-cloud strategies. Modular data centers are gaining popularity due to cost-effectiveness and faster deployment, as reported.
- Companies are investing in AI infrastructure through large-scale data center projects to meet the rising demand for computational power. Related Companies is entering AI-driven data center development, securing sites with over five gigawatts of power in the U.S. to cater to major tech firms.
- CEO Jeff Blau highlighted Related Companies’ strategic move to assemble a specialized team for AI infrastructure projects, securing $500 million in capital with plans to raise an additional $8 billion. The company is securing long-term commitments from tenants to mitigate risks in the evolving landscape.
- Aurora Innovation (AUR) received an Outperform rating with a $15 price target from Oppenheimer, citing its position as a leader in autonomous trucking. Despite AUR ranking 12th on the list of AI news and ratings, higher returns are expected from other AI stocks in a shorter timeframe.
- Insider Monkey’s hedge fund sentiment analysis places AUR as a promising investment, but other AI stocks may offer greater potential for higher returns. For investors seeking AI stocks trading at less than 5 times earnings, a report on the cheapest AI stock is recommended.
Read more: Leading the Autonomous Trucking Revolution