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Data Center Construction Spending Surges 26% YoY to $41B as AI Infrastructure Build-Out Accelerates

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Cables of servers in a data center
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Wells Fargo Economics report shows investment nearly quadrupled since 2021, though growth rate moderates from January's 44 percent peak Data-center development, once a niche corner of commercial real estate, has shifted into a central economic engine as companies expand the infrastructure needed for artificial intelligence tools. That momentum, highlighted in a new Wells Fargo Economics […]

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