UBS Sees Data Center Buildout Creating Unexpected Tailwinds For These Retail Stocks

The data center build-out is a massive, multi-trillion-dollar and multi-year infrastructure boom on a scale comparable to historic public works projects such as the New Deal in the 1930s.

Goldman recently estimated that hyperscalers will spend a staggering $800 billion on data center build-out this year alone, a development viewed as a boon for blue-collar workers. At the same time, many white-collar roles are being automated.