The AI building boom is bound to bust


THE artificial intelligence (AI) hyperscalers that are spending hundreds of billions of dollars on data centres have dropped a windfall into the laps of the manufacturers, construction firms, building-materials makers and energy companies that make the build-out possible.

Companies like Caterpillar Inc, GE Vernova, Siemens AG, Trane Technologies Plc and Amphenol Corp are grabbing a big chunk of that capital spending to the delight of their investors.

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