You might have thought that in the midst of a reignited trade war (?) and a crisis of conscious about AI and the future of software, that the data centre frenzy might pause for breath, but not a bit of it.

In fact, analysts at Citi have “refreshed ” their Global Data Centre Industry Model to include recent earnings data, and reports from the likes of CBRE and data centre hawk, as well as Nvidia GPU estimates .

The upshot of which is that the bank adds an additional +4.30 GW of capacity to its 2026 estimate.
Taking it up to to 14.50GW.

Citi also raised its estimate of average annual demand between 2027 and 2030, to 19.90 GW up from 10.50 GW.

The report added that :

“We remain upbeat on forward growth prospects for data centres and the broader ecosystem to support AI IT Load and infrastructure and view the favourable chip demand as a positive leading indicator”

I have added the DTCR ETF and SK Hynix charts as examples of assets related to the data centre boom but there are, of course .many others.