AI Hype Meets Hardware Crunch As US Power Equipment Market Eyes $65 Billion Boom
--------------------------------------------------------------------
Source: Zero Hedge
Published: 2026-05-01 07:55 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, Energy, Economy & Finance, Financial Markets, Tax & Budget, Business & Economy
--------------------------------------------------------------------
Snippet:
Wood McKenzie has released a report that US spending on power generation gear for data centers alone could hit $65 billion by 2030, more than triple the $20 billion logged last year. Data center capacity is forecast to reach 110 GW by the end of the decade, with Bloomberg also commenting that “total US spending on power-plant equipment may climb to $215 billion."
--------------------------------------------------------------------