Bloomberg Surveillance · Thursday, July 9, 2026
Evidence suggests a slowdown in the booming AI sector, with data center growth decelerating from doubling year-over-year to about 15%. This trend contradicts the high earnings growth expectations for the broader market, indicating potential cracks in the AI investment narrative.
“We actually see data center growth slowing considerably.”
“It was double, it was doubling a year ago, today growing at about fifteen percent from the latest data.”
“Those are the sorts of numbers that are not going to achieve thirty one percent annualized growth rates in earnings across the entirety of the equity market.”