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Data center construction spending surged in July

This story is from 2026-09-01. It is preserved in the archive; the latest stories are on the live feed.

Data: U.S. Census Bureau, FactSet Construction spending on AI data center "shells" soared in July, rising at an annualized rate of nearly 60% from July 2025 levels. Why it matters: It shows the AI building frenzy was gathering strength this summer, even as — or perhaps because — a bipartisan backla…

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  1. 2026-09-01 17:15 · Axios AI+
    Data center construction spending surged in July

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