Spending on U.S. data center construction has surged in recent years while office building construction has declined, reflecting weaker demand for office space and rising investment in digital infrastructure driven by cloud and AI growth.
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AI Investment Fears Wipe $1 Trillion From Big Tech Stocks
Major U.S. technology companies have lost more than $1 trillion in market value over the past week as investors grew uneasy about soaring artificial intelligence spending. Shares of Microsoft, Nvidia, Amazon, Alphabet, Meta, and Oracle all declined after earnings reports highlighted aggressive capital spending plans. According to FactSet, roughly
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