Data Center Capacity

ByteDance is seeking developers for a second phase of its Pecém Port data center in Ceará, Brazil, sized larger than the $10 billion, 300MW project already under construction, and is also exploring a similar facility outside the port zone to serve local Brazilian customers. The move aims to cement its lead in Latin American compute infrastructure, as Brazil's data center capacity has more than doubled past 1GW since 2022 on favorable policy and renewable energy supply.

SoftBank has become a market proxy for AI capital spending through its $64.6B OpenAI stake, 90% ownership of Arm and data-centre developer SB Energy, yet its shares fell 10.8% on Friday as the cost of insuring its debt hit a four-year high. The company borrowed at record yields to fund the OpenAI position while OpenAI's IPO delay to 2027 pushes back any return; SB Energy's IPO filing projects $439B in contracted revenue despite operating no data centres and depending heavily on OpenAI.

US equities shed $3.2 trillion as investors priced in political risk to the AI buildout after Democrats swept Congress. The Nasdaq fell 5.52%, its worst session since April 2025, while Nvidia dropped 9.3% and the Philadelphia Semiconductor Index plunged 12.3%. Goldman Sachs estimates short-term moratoria could hit roughly 45% of planned US data center capacity, with debt-funded GPU renters and memory makers suffering the steepest losses.