Phyrex|Jan 27, 2026 03:49
It's clear that the construction volume of data centers in the U.S. has significantly increased over the past three years. On the surface, it seems like the demand for computing power centers is rising, but in reality, the U.S. is shifting its new capital expenditures from spaces serving people to infrastructure serving AI.
Office buildings are no longer the carriers of economic expansion—data centers are. In the past, a city's prosperity was determined by population and office density, but now it's determined by electricity, grid connectivity, cooling, and fiber optics, which dictate how much computing power a region can support.
More importantly, the expansion of data centers essentially turns electricity into raw material and computing power into a product. The rise in data center construction is just the result; the real underlying trend is the competition for grid resources.
I'm personally very bullish on U.S. electricity stocks in 2026.
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