Bloomberg Surveillance · Tuesday, September 1, 2026
David Katz asserts that the power of AI ensures a massive build-out and usage, necessitating data center construction. He believes that despite short-term pushback and concerns over electrical costs, energy usage will significantly increase, making companies involved in this trend long-term beneficiaries.
“If you use AI, you see how powerful it is. It's not going to be put back into the bottle. There's going to be massive build-out, massive usage.”
“They're going to have to figure out where to put those data centers. A lot of the companies are now coming up with ways to cap costs for consumers. So there's going to be pushback, but they're going to figure it out.”
“Ultimately, we're going to have to figure out where to put these data centers and And the companies like the Googles and the Amazons and the Microsofts are capping the electrical costs for the regular consumer. So they're going to pay for that.”