# This wave of data centers cannot be missed, but most AI funds have not captured it.

When it comes to AI investment, people's first reaction is usually tech giants like Nvidia and Microsoft. However, the real money is actually in data centers.

The market for data centers is expanding—global data center spending is expected to surge by 51% to $455 billion in 2024, and is projected to reach $624 billion by 2029. But ultimately, who will pocket this money? It will be real estate trusts that own these properties, such as Equinix and Digital Realty Trust.

The problem is that traditional AI funds have not paid attention to this area at all. This is why the DTCR ETF is interesting - it invests 51.8% in tech stocks and 45.2% in real estate trusts. As a result, it has risen 27% this year, far outpacing the 3.6% of most real estate funds.

The key lies in scarcity. The vacancy rate of data centers in the United States has been continuously declining for the past ten years, and new constructions take 1 to 1.5 years, which means landlords have pricing power. Long-term lease contracts (10 years+) are negotiated from a position of strength.