Despite concerns about an economic downturn, Amazon (AMZN) and Nvidia (NVDA, Financial) executives have reported continued strong demand for AI data centers. This reassures investors that these companies are not scaling back their investment plans. Kevin Miller, Amazon's Vice President of Global Data Centers, highlighted sustained robust demand for data center capacity, projecting growth over the coming years. Similarly, Josh Parker, Nvidia's Senior Director of Corporate Sustainability, noted that there are no signs of a slowdown in demand.
Both companies anticipate that the rise in artificial intelligence will lead to increased power consumption needs, further supporting the expansion of their data center operations. This outlook comes amid broader investor concerns about potential slowdowns in tech investments due to economic uncertainty.
