1 Super-Cheap Way to Cash In on This $1 Trillion Artificial Intelligence Megatrend
Brookfield Infrastructure Partners(BIP) The Motley Fool·2024-03-02 20:18
Artificial Intelligence (AI) needs a massive amount of computing power and data storage to thrive. That's powering a boom in data center demand. According to Blackstone president Jonathan Gray, major tech companies will pour $1 trillion into data centers over the next five years. Third-party data center operators are one of the many beneficiaries of the AI boom. They're seeing high occupancy levels and rising lease rates at existing locations, and many new expansion opportunities. That's accelerating growth ...