Positive impactSector
US data centre spending seen more than doubling to $2.1 trillion by 2028, estimates BoFA
Economic Times 1 hr ago·23 Oct 2026, 6:30 pm
Bank of America’s Global Research team projects that worldwide spending on data‑centre infrastructure will climb sharply, reaching roughly $2.1 trillion by 2028 – more than double the level expected in 2026. The surge is being driven by the rapid uptake of artificial‑intelligence services that require massive compute power and low‑latency connectivity.
For investors, the outlook signals a potentially expanding revenue base for companies that build, own, or operate data‑centre facilities, as well as for hardware and networking suppliers that support them. Higher capital‑expenditure plans could lift earnings for listed data‑centre REITs and cloud‑service providers, making the sector a focal point for growth‑oriented portfolios.
Going forward, watch the quarterly results of the biggest data‑centre operators, any shifts in corporate cloud‑spending trends, and regulatory developments around energy use and data‑sovereignty, all of which could influence the pace of the projected growth.
Key takeaways
- Category: Sector.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
