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JPMorgan Chase forecasts that as technology firms converge on artificial intelligence, investments in data centers are poised to add 10 to 20 basis points to the US economic growth rate between 2025 and 2026. A report issued by the bank on Wednesday highlights that the expansion of US GDP will primarily be fueled by data center construction, technological equipment investments, and increased demand for power generation and transmission infrastructure. JPMorgan Chase estimates that data center spending could contribute 0.1% to 0.3% to US GDP growth as early as 2024. Given the ongoing intensification of AI innovation and its potential for positive economic outcomes, the bank states that the thriving trend in data centers is anticipated to persist for several years.
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