1 Data Center ETF to Buy Hand Over Fist as Trump Promises $20 Billion in Funding

President-elect Donald Trump’s $20 billion plan to invest in data centers is setting the stage for big changes in U.S. technology infrastructure. Backed by UAE-based DAMAC Properties, this initiative will help bring advanced data centers to key states like Texas, Arizona, Illinois, and Michigan. The timing couldn’t be better, with artificial intelligence (AI) and cloud computing growing rapidly and reshaping industries across the board.

AI is expanding at an incredible pace, with the global market expected to grow to $364.62 billion at a yearly rate of 11.39% by 2034. Its impact is being felt everywhere — from healthcare and finance to manufacturing and retail — with generative AI alone projected to add $1.3 trillion by 2032. Cloud computing is also becoming essential for businesses globally, with spending on public cloud services forecast to double by 2028 from $805 billion in 2024. These technologies are changing how industries work while creating a huge need for data centers that can handle heavy workloads and keep everything running smoothly.