AGF says industrials gain from AI data center buildout as power demand accelerates

Reuters2026/08/27 13:38

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AGF Management published an Aug. 27, 2026 note on AI-driven demand for industrials tied to data-center buildouts.
Power demand in developed economies is rising sharply; data centers used about 415 terawatt-hours in 2024, about 1.5% of global electricity.
Data-center electricity use is projected to double by 2030, pressuring aging grids with long approval and construction timelines.
Annual global data-center spending now exceeds USD 1 trillion; cumulative investment is projected to reach USD 7 trillion by 2030.
Stock valuations already price in optimism; upside may hinge on converting order backlogs into cash flow and earnings, not just meeting forecasts.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AGF Management Limited published the original content used to generate this news brief on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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AGF says industrials gain from AI data center buildout as power demand accelerates

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