AI boom drives data centre dealmaking to record $61 billion

Global data-centre dealmaking surged to a record ‍high through November this year, driven by an insatiable demand ⁠for computing infrastructure to meet the boom in artificial intelligence usage.

Data from S&P Global Market Intelligence showed that there were more ‌than ‌100 data centre transactions during the period, with the total value ‌sitting just under $61 billion.

Why it's important


Interest in data centres has swelled this year as tech giants and AI hyperscalers have planned billions of dollars in spending to scale up infrastructure.

AI-related companies have powered much of the gains in U.S. stocks ‌this year, ‍but concerns over lofty valuations and debt-fueled ‍spending have also sparked worries over how ‌quickly corporates can turn the investments into profits.

By the numbers

Including M&As, asset sales and equity investments, data investments hit nearly $61 billion through the end of November, already surpassing 2024's record high $60.81 billion.

Since 2019, data centre dealmaking in ‍the U.S. and Canada totaled about $160 billion, with Asia-Pacific reaching nearly $40 billion and ‍Europe $24.2 billion.

"High interest ⁠comes from financial sponsors, which are attracted by the risk/reward profile of such assets. Private equity firms are eager buyers but are generally reluctant sellers, creating an environment where availability for sale of high-quality data centre assets is scarce," said Iuri Struta, TMT analyst at S&P Global Market Intelligence.