J.P.Morgan forecasts spending on data centers could boost US GDP by 20 basis points in 2025-26

J.P.Morgan estimated spending on data centers could contribute between 10-20 basis points to U.S. economic growth in 2025-2026 as technology companies race to benefit from the artificial intelligence boom.

Investments in data centers, which help provide computing power for AI, have surged since Open AI launched ChatGPT in 2022, as companies across sectors increasingly shift their operations to the cloud and integrate AI into their offerings.