AI Hype Meets Hardware Crunch As US Power Equipment Market Eyes $65 Billion Boom

AI Hype Meets Hardware Crunch As US Power Equipment Market Eyes $65 Billion Boom 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." The increased spending for the heavy el...