1. Data center spending may boost U.S. economic growth by 10-20 basis points. 2. Tech companies are investing heavily in data centers amid AI advancements.
Increased economic growth can positively influence S&P 500 performance historically, similar to previous tech booms.
Growth projections directly relate to the broader economic environment impacting major indices like the S&P 500.
The ongoing investment in tech will have sustained growth effects, unlike short-term fluctuations seen after events like earnings reports.