A major investor in Core Scientific (CORZ) says the firm will lease 400 megawatts to new clients this year; deals would demonstrate durable demand for data centres and that AI in a in a boom, not a bubble, according to Business Insider

A major investor in Core Scientific (CORZ) says the firm will lease 400 megawatts to new clients this year; deals would demonstrate durable demand for data centres and that AI in a in a boom, not a bubble, according to Business Insider.

This update from Core Scientific suggests strong upcoming demand for data center capacity, which may boost investor confidence in the AI sector's sustainability. The leasing of 400 megawatts indicates that companies are likely to invest more in infrastructure to support AI growth, reinforcing the perception of a lasting trend rather than a fleeting surge. This could have positive implications for related tech stocks and the broader equity market sentiment as firms adapt to the evolving demand.