Samsung, SK hynix, and Micron collectively accounted for 89.7% of the global DRAM market in the first quarter of 2026

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BofA Global Research stated on October 23, 2026 that growing demand for and development of artificial intelligence services is driving global data center expansion

BofA Global Research reported that data center spending has become a fast-growing revenue source for industrial manufacturers of generators, construction equipment, switchgears, and chillers

BofA Global Research reported that servers are the costliest component at $31.4 million per megawatt, followed by networking at $4.8 million per megawatt

BofA Global Research estimated that non-IT data center functions, including switchgear, power distribution, generators, backup power, chillers, and cooling, cost between $100,000 and $1.1 million per megawatt

BofA Global Research estimated data center construction costs at $49 million per megawatt, with information technology expenses representing 78% of total spending

BofA Global Research projected that artificial intelligence demand will fuel a 37% compound annual growth rate in the data center market from 2025 to 2030

BofA Global Research estimated on October 23, 2026 that global data center spending, $275 billion in 2022, will reach $1 trillion in 2026, $2.1 trillion by 2028, and $2.93 trillion by 2030

BofA Global Research estimated that AI-focused neocloud data centers cost about $57 million per megawatt but require less physical space than traditional facilities

BofA Global Research identified United States chipmakers and server developers as major beneficiaries of the artificial intelligence-driven data center expansion

Meta expects its 2026 capital expenditure to range between $135 billion and $145 billion as it expands AI infrastructure, narrowing its previous guidance of $130-145 billion

Tata Consultancy Services reached an annualized AI revenue of $3.1 billion and partnered with OpenAI to build AI data centers

Block trained the Dessa AI model using a single NVIDIA GB200 NVL72 unit

Kimi K3.1 Pro Highspeed API pricing is set at $4.00 per million input tokens and $20.00 per million output tokens, compared to Kimi K3's rates of $3.00 input and $15.00 output

Moonshot AI set API pricing for Kimi K3.1 Pro at $2.00 per million input tokens and $10.00 per million output tokens, with cache hits costing $0.20 per million tokens

Meta Platforms Inc. expects capital expenditures of $135 billion to $145 billion in 2026, narrowing its previous bottom range from $130 billion to fund data center and AI infrastructure buildouts.

Concerns over debt-financed artificial intelligence infrastructure spending and a sell-off in U.S. technology stocks contributed to investor resistance against OpenAI's $1.4 trillion valuation pitch

OpenAI is negotiating a commercial deal with United Arab Emirates investors to secure additional Middle East computing capacity

A proposed United Arab Emirates deal grants OpenAI right of first refusal on new computing power developed by regional partners

Thermal imaging and allegations indicate xAI operated more than 30 unpermitted gas turbines to power its Colossus supercomputer data center operations in Memphis, Tennessee, and Southaven, Mississippi.

Elon Musk's xAI merged with SpaceX, becoming known as SpaceXAI, and expanded operations with a second facility named Colossus 2 in Southaven, Mississippi.