10. The data center buildout reaches 3.5% of US GDP in 2026.
The scale of investment mirrors the historical expansion of the railroads. The only factor that slows overall building is perceived risk within the credit market, particularly in the private credit market. The massive growth in that asset class suddenly shows strains of increasing default rates, creating a potential bottleneck for the most capital-intensive infrastructure projects.
— Read on tomtunguz.com/2026-predictions/
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