Yazılar

U.S. Data Center Construction Hits Record $40 Billion Amid AI Boom

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Construction spending on U.S. data centers hit a record $40 billion at a seasonally adjusted annual rate in June, according to a new report from the Bank of America Institute. The surge reflects the massive capital pouring into AI infrastructure by major technology companies.

By the Numbers

The $40 billion figure represents a 30% jump from last year, following an even steeper 50% surge in 2024, based on U.S. Census Bureau data.

Why It Matters

The explosive growth of generative AI and machine learning has triggered an unprecedented demand for computing power. Tech giants including Microsoft, Alphabet, and Amazon are investing billions to expand their hyperscale data centers, enabling them to run AI workloads at scale. This infrastructure boom has also fueled record sales for Nvidia, whose GPUs power much of the AI ecosystem and now account for the bulk of its revenue.

Key Quotes

“Hyperscalers are a big part of the increased demand for power, but they’re not the whole picture,” Bank of America Institute economists led by Liz Everett Krisberg noted.
They emphasized that much of the projected growth in U.S. electricity demand through 2030 will also come from EV adoption, industrial reshoring, building electrification, and heating systems — highlighting how AI-driven infrastructure is just one force in a broader energy transformation.

Nebius to Raise $3 Billion Following Landmark Microsoft Deal

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AI infrastructure company Nebius Group announced Wednesday it will raise $3 billion to accelerate growth in its artificial intelligence cloud business, just days after striking a $17.4 billion deal with Microsoft.

The funding package includes a $2 billion private offering of convertible senior notes and a $1 billion underwritten public offering of class A shares. Goldman Sachs will serve as the lead book-running manager, joined by Morgan Stanley, BofA Securities, and Citigroup.

Nebius said the funds will be used to expand its compute and hardware capacity, secure land from reliable providers, and grow its data center footprint.

The announcement follows Monday’s news that Nebius will provide Microsoft with GPU infrastructure capacity for five years, a contract worth up to $19.4 billion if additional services are included. The deal sent Nebius’ Nasdaq-listed shares soaring 49% to a record high on Tuesday, though they slipped 5.6% in pre-market trading Wednesday. Year to date, shares have climbed an impressive 245%.

Nebius was formed after splitting assets from Russian tech company Yandex. Its rise highlights the surging demand for data center capacity worldwide, driven by the explosive growth of generative AI technologies.

Oracle Cloud Orders Near $500 Billion, Shares Jump 27%

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Oracle (ORCL.N) announced Tuesday that it expects its booked revenue in cloud infrastructure to surpass half a trillion dollars, sending shares soaring 27% after hours. The surge reflects rising demand for its low-cost AI cloud infrastructure and strong multi-cloud partnerships.

Key Highlights

  • Booked Revenue (RPO): Jumped 359% year-on-year to $455 billion in Q1 (ending August 31).

  • Future Growth: CEO Safra Catz said upcoming multi-billion-dollar deals are expected to push RPO beyond $500 billion.

  • Revenue Forecast: Oracle projects 77% growth in OCI revenue this fiscal year to $18B, rising to $144B over the next 4 years.

  • AI Integration: Customers can now directly connect databases to ChatGPT, Gemini, and Grok via Oracle Cloud.

  • MultiCloud Strategy: Partnerships with Amazon, Google, and Microsoft drove a 1,529% increase in first-quarter multi-cloud revenue. Oracle plans 37 new datacenters, bringing the total to 71 with hyperscaler partners.

Market Impact

  • Shares: Up 45% YTD, boosted further by the after-hours spike.

  • Contracts: Four multi-billion-dollar deals with three customers supported overall Q1 revenue growth of 12% to $14.93B.

  • Q2 Guidance: Total revenue expected to rise 12–14%, with cloud revenue growing 32–36%.

Analyst Views

  • Analysts see Oracle emerging as a key AI cloud player, despite being smaller than hyperscaler rivals.

  • “Oracle is not just keeping up but actually leading the way in the cloud space,” said Melissa Otto, S&P Global Visible Alpha.

  • Jacob Bourne, eMarketer: “Enterprises are clearly eager for cost-effective AI cloud tools, and Oracle is positioning itself to capture that demand.”