Tech giants like Microsoft and Oracle can’t build data centers fast enough. Construction stocks are slowing demand.

Everyone knows that the beneficiaries of AI expansion have done great business in recent years.

Out of Memory plays How Sandisk And micron to AI energy stocks like GE Vernova And Constellation energySome of the biggest winners were participants in the Boom in data centers They get their share of the hundreds of billions of dollars that tech giants are pouring into AI.

Now a slightly less glamorous group of AI beneficiaries is moving into the spotlight: the serious construction and engineering firms that do the menial work of clearing construction sites, pouring concrete, laying cables, and designing plumbing and HVAC systems.

Analysts and technology executives say the construction work itself has become another major bottleneck in AI expansion, giving the companies doing the work significant negotiating leverage.

“In the data center, this margin is historically better than in smaller commercial jobs in the industry.”

Construction and engineering…