Breaking: Data centers are booming while every other type of private construction is shrinking
Change in yearly construction spending since 2023:• Data centers: +$51B• Everything else: -$120BMichael Burry warned everyone:1. Private construction outside of data centers fell 7.9% year over year in June2. GDP growth is really counting on that data center buildout3. The buildout is being funded with rising debt, off-balance sheet financing, and insurers soaking up the risky paper4. The most profitable companies in the world, except Apple, are betting everything on this as their free cash flow turns negativeBurry doesn't think this lasts much longerThe copyright of this article belongs to the original author/organization.
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