Blackstone President Jonathan Gray has highlighted ongoing demand for AI data center infrastructure, despite trade tensions and energy constraints.
AI Data Center Demand Remains Robust
Speaking to CNBC on Monday, Gray noted that although U.S. tariffs and chip export restrictions are slowing progress, the firm continues to see “a ton of demand” for AI-driven data centers. He said U.S.-controlled centers could help address security concerns, while emphasizing that AI momentum remains strong.
Trade Headwinds and Big Tech Resilience
Gray’s comments follow a rebound in Big Tech stocks, including gains in Meta and Microsoft shares, which have helped the Roundhill Magnificent Seven ETF (MAGS) climb past early April levels. Despite Trump’s tariff policies, investor optimism in the AI sector continues.
Electricity Needs and Government Role
Gray stressed the need for diversified power sources—renewables and natural gas—to meet AI-related electricity demands. “It’s a global issue,” he said, adding that governments and corporations alike recognize the importance of infrastructure investment to fuel this technological shift.
Commercial Real Estate Poised for Recovery
In addition to tech optimism, Gray sees opportunity in commercial real estate. He noted a steep decline in new developments over the past three years is setting the stage for a “big recovery,” even in the office sector, which has struggled since the pandemic.
With AI expanding rapidly and commercial property regaining stability, is a new cycle of tech-driven infrastructure growth underway?
