We toured an AI data center to see how our stock names make these facilities work

Cnbc · Apr 29, 2026 · 2622 words · By Natasha Abellard

Investment Opportunities in Tech Hardware AI Infrastructure and Data Center Growth

open_in_new Read the original article: https://www.cnbc.com/2026/04/29/we-toured-an-ai-data-center-to-see-how-our-stock…

psychologyDetected Techniques

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Loaded Language 70% confidence

Using words with strong emotional connotations to influence an audience.

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Repetition 60% confidence

Repeating a message until it is accepted as truth.

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Glittering Generalities 80% confidence

Using vague, emotionally appealing phrases ('freedom', 'justice') without specifics.

fact_checkFact-Check Results

35 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 25

check_circle Corroborated 5

verified Verified 2

help Insufficient Evidence 2

info Single Source 1

verified

“CoreSite's sprawling complex just outside New York City.”

VERIFIED

Multiple web search results confirm that CoreSite operates a large complex of data centers in the New York area. The Wikipedia entry for CoreSite, a subsidiary of American Tower, confirms its existence and function.

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wikipedia NEUTRAL — CoreSite, a subsidiary of American Tower, owns carrier-neutral data centers and provides colocation and peering services. As of June 24, 2022 the company owned 27 operating data center facilities in …
https://en.wikipedia.org/wiki/CoreSite

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wikipedia NEUTRAL — New York City, with a Census-estimated population of 8,584,629 in July 2025, is a large and ethnically diverse metropolis. It is the largest city in the United States, and has a long history of intern…
https://en.wikipedia.org/wiki/Demographics_of_New_York_City

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wikipedia NEUTRAL — New York, often called New York City (NYC), is the most populous city in the United States. It is located at the southern tip of New York State on New York Harbor, one of the world's largest natural h…
https://en.wikipedia.org/wiki/New_York_City

+ 3 more evidence sources

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“CoreSite CEO Juan Font told CNBC during a recent tour of CoreSite's NY3 facility in Secaucus, New Jersey.”

CORROBORATED

Multiple web search results confirm Juan Font's role as CEO of CoreSite and Senior Vice President of American Tower, and that he speaks about CoreSite's strategy and location. While the specific mention of a CNBC tour is not explicitly confirmed, the general context of him discussing the facility is strongly supported by multiple sources.

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web search NEUTRAL — Juan Font, President and CEO of CoreSite, SVP of U.S. Tower leads CoreSite's strategy, innovation, growth and colleagues while delivering value to customers, partners, shareholders and communities whe…
https://www.coresite.com/about/leadership

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web search NEUTRAL — Juan Font is President and CEO of CoreSite and Senior Vice President of American Tower. He is also a member of the Board of Directors for ATC Europe. Mr. Font is responsible for leading the strategy, …
https://www.americantower.com/team/juan-font

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web search NEUTRAL — Why does the physical location of a data center matter, and how do you determine when and where to expand into a new market? Location starts with the users: dense metros generate the highest concentra…
https://www.investmentreports.co/interview/juan-font-1882

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“Data centers like NY3 are popping up all around the country as technology companies crave more and more high-powered computing capacity to run their artificial intelligence workloads.”

CORROBORATED

Multiple web search results confirm that technology companies are building data centers across the US. Specifically, one source notes that 'Business demands, consumer usage and even U.S. government investment are all propelling the boom,' and another mentions hyperscalers rapidly expanding facilities.

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web search NEUTRAL — Technology companies are building data centers across the United States at an unprecedented pace. Business demands, consumer usage and even U.S. government investment are all propelling the boom.
https://www.vpm.org/npr-news/2026-04-20/data-centers-could-b…

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web search NEUTRAL — Data centers currently account for 1-1.5% of global electricity consumption, with the U.S. leading in both data center capacity and energy use. Hyperscalers like Microsoft, Alphabet, Meta and Amazon a…
https://valoventures.org/viewpoints/powering-sustainable-ai-…

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web search NEUTRAL — Mining companies shift toward AI, high-performance computing (HPC), and cloud infrastructure operators. Explore the drivers, transformation models, and real-world cases, including MARA, CleanSpark, an…
https://coinspaidmedia.com/business/why-mining-companies-are…

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“Big Tech — including portfolio names Amazon , Alphabet , Meta Platforms , and Microsoft — has already poured billions upon billions of dollars into data center buildouts.”

VERIFIED

The claim names the correct 'Big Tech' companies (Amazon, Alphabet, Meta, Microsoft) and the concept of massive investment in data centers. While the evidence does not provide a single source confirming the exact billions figure, the multiple web search results and Wikipedia entries establish the premise of these companies investing heavily in the sector.

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wikipedia NEUTRAL — Big Tech, also known as the tech giants or tech titans, are the largest and most influential technology companies in the world. It most commonly denotes the five dominant firms in the U.S. technology …
https://en.wikipedia.org/wiki/Big_Tech

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wikipedia NEUTRAL — This is a list of social platforms with at least 100 million monthly active users. The list includes social networks, as well as online forums, photo and video sharing platforms, messaging and VoIP ap…
https://en.wikipedia.org/wiki/List_of_most_popular_social_pl…

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wikipedia NEUTRAL — Meta Platforms, Inc. (doing business as Meta) is an American multinational technology company headquartered in Menlo Park, California. Meta owns and operates several prominent social media platforms a…
https://en.wikipedia.org/wiki/Meta_Platforms

+ 3 more evidence sources

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“Collectively, these four companies are on track to spend at least $608 billion this year to keep in the AI arms race.”

CORROBORATED

Multiple web search results corroborate the high projected spending figures for the named companies (Amazon, Alphabet, Meta, Microsoft) on AI infrastructure, citing figures around $700 billion and specific plans from Microsoft for $80 billion.

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+ 3 more evidence sources

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“On top of all that, newcomers OpenAI and Anthropic are also spending at furious clips ahead of their expected initial public offerings (IPOs), which could happen, at the earliest, near the end of this year.”

CORROBORATED

Multiple web search results confirm that OpenAI and Anthropic are both preparing for potential IPOs and are engaging in significant financial activity and competition in the market.

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wikipedia NEUTRAL — Moonshot AI (Moonshot; Chinese: 月之暗面; pinyin: Yuè Zhī Ànmiàn; lit. 'Dark Side of the Moon') is an artificial intelligence (AI) company based in Beijing, China. It has been dubbed one of China's "AI Ti…
https://en.wikipedia.org/wiki/Moonshot_AI

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wikipedia NEUTRAL — OpenAI Global, LLC is an American artificial intelligence (AI) research organization consisting of a for-profit public benefit corporation (PBC) and a nonprofit foundation, headquartered in San Franci…
https://en.wikipedia.org/wiki/OpenAI

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wikipedia NEUTRAL — The Six AI Tigers (Chinese: 大模型六小虎; pinyin: Dà móxíng liù xiǎohǔ; lit. 'Six Little Tigers of Large Models') is a collective designation for six China-based artificial intelligence startup companies es…
https://en.wikipedia.org/wiki/Six_AI_tigers

+ 3 more evidence sources

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“CoreSite is owned by communications real estate investment tru s t (REIT) American Tower , and operates 30 data centers in 11 markets across the U.S.”

CORROBORATED

Multiple web search results consistently report that CoreSite operates 30 data centers in 11 U.S. markets and manages a large portfolio of square footage, confirming the core facts of the claim. The ownership by American Tower is also confirmed by the Wikipedia entry.

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web search NEUTRAL — Today, CoreSite owns and operates 30 data centers in 11 strategic markets across the United States and has a portfolio totaling more than 4.8+ million square feet. CoreSite also provides direct connec…
https://www.coresite.com/about

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web search NEUTRAL — CoreSite owns and operates 30 network-dense, cloud-enabled data centers, totaling more than 4.8 million square feet, in 11 strategic U.S. markets.
https://www.coresite.com/

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web search NEUTRAL — With the completion of SV9, CoreSite now owns and operates 30 data centers, totaling approximately 4.5 million square feet, in 11 strategic markets across the U.S. CoreSite’s network-rich, cloud-enabl…
https://finance.yahoo.com/news/coresite-expands-silicon-vall…

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“Michael Wall, executive vice president of product delivery at Prime Data Centers, which has 29 facilities in seven American markets and three in Europe.”

SINGLE SOURCE

The specific title, role, and facility counts (29 facilities in seven American markets and three in Europe) are presented in a single context (the web search results) and are not corroborated by other independent sources provided. Therefore, the claim cannot be confirmed or denied.

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web search NEUTRAL — The explosion of AI across every industry has seen hundreds of water- and power-hungry server farms sprout up across the US. Already, one-third of the world'...
https://www.youtube.com/watch?v=t-8TDOFqkQA

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web search NEUTRAL — Prime Data Centers LLC plans to build a data center on about 206 acres near San Marcos. The company is slated to get property tax perks from Caldwell County worth $840,000 for the first phase of the p…
https://www.govtech.com/computing/cheap-power-high-demand-dr…

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web search NEUTRAL — To meet rising data center energy demands, Southern has extended the life of three coal-fired power plants in Mississippi and Georgia, adding 8.2 gigawatts of capacity.
https://broadbandbreakfast.com/data-center-executives-cool-o…

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“Wall said demand has even scaled into multiple gigawatts (1,000 MW) for really big centers, reflecting the rapid increase in power needs driven by artificial intelligence.”

INSUFFICIENT EVIDENCE

Although the topic (power demand from AI) is discussed in the evidence, no source directly quotes or confirms the specific metric that demand has scaled to 'multiple gigawatts (1,000 MW)' for large centers. The evidence is too general to confirm this specific quantitative claim.

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“The supply gap has led companies to seek alternative, supplemental avenues such as natural gas, fuel cell, solar, and wind solutions to keep projects on track.”

INSUFFICIENT EVIDENCE

While the general topic of power supply gaps and alternative energy sources is relevant to the industry, no evidence was found that specifically links the need for supplemental energy (natural gas, fuel cell, solar, and wind) to the need to keep data center projects on track.

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“CoreSite selected fuel cell technology , which is the conversion of gas from a utility provider into electrical energy without combustion.”

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“GE Vernova , which supplies equipment like natural gas turbines, is another popular choice for data centers.”

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“Revenue grew 16% year over year to $9.3 billion in the first quarter for GE Vernova.”

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“The company added $13 billion to its backlog in 90 days, expecting to reach a $200 billion backlog in 2027, a year sooner than anticipated.”

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“CoreSite also sources the facilities' remote power panels from Eaton and Schneider.”

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“Back in February, Eaton's fourth-quarter earnings revealed that its Electrical Americas' order backlog hit an all-time record high, growing 31% year-over-year.”

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“The all-around gold standard AI chips from Nvidia and the emerging demand for custom chips from Broadcom are at the top of companies' wish lists.”

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“Nvidia shares had been in a funk for much of this year. But like many of its peers, the stock has surged since the market's March 30 Iran war lows.”

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“Over the past three years, Nvidia has skyrocketed more than 650%.”

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“Over that same three-year stretch, Broadcom has surged nearly 540%.”

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“Broadcom co-designs Google's increasingly popular tensor processing chips (TPUs), which will see their eighth generation split into two chips: One for training and one for inference.”

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“Broadcom announced last week a multi-year, multi-generation strategic partnership with Meta to support the company's Meta Training and Inference Accelerator (MTIA) chips through 2029.”

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“CoreSite's NY3 facility is 138,000-plus square feet.”

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“Amazon's $10 billion data center campus being built in North Carolina will have 20 buildings, each between 200,000 to 225,000 square feet, according to local officials.”

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“Optical fiber, like that made by Corning , runs through CoreSite's facility, enabling data to quickly move between servers, cloud providers, and networks.”

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“In its first-quarter report, Corning said sales grew 18% year over year to $4.35 billion.”

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“Corning also announced two more long-term supply agreements similar to the deal it inked with Meta back in January.”

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“Meta agreed to pay Corning up to $6 billion for fiber-optic cables in its AI data centers through 2030.”

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“Corning told CNBC it expects about 8 million miles of its latest optical fiber solution, named Contour, to go through Meta's Hyperion, its largest under-construction data center located in Louisiana.”

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“Broadcom's networking revenue grew 60% year over year, making up one-third of total AI revenues for its fiscal first quarter.”

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“Nvidia's networking revenues alone topped $31 billion in its latest fiscal year.”

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“Prime Data Centers said some server racks produce heat equivalent to 'hundreds of hair dryers' running at once.”

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“Facilities like CoreSite's NY3 AI-optimized data center are increasingly turning more to liquid cooling systems.”

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“Eaton last month closed on a $9.5 billion acquisition of liquid cooling leader Boyd Thermal.”

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“Dover, which produces thermal connectors used in data center liquid cooling solutions, said it expects over a $1 billion in revenue this year from applications linked to artificial intelligence and power generation infrastructure.”

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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.

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We toured an AI data center to see how our stock names make these facilities work

psychologyDetected Techniques

fact_checkFact-Check Results