ARK Invest’s Cathie Wood says nearly 90% of data center financing is in the US

The AI boom runs on data centers. According to Cathie Wood, the money that builds them is overwhelmingly American. In ARK Invest’s “In The Know” video, released in early October 2026, Wood cited Bloomberg data showing that nearly 90% of global data center financing is based in the United States. What ARK actually said Of all the capital flowing into data center construction worldwide, roughly nine of every ten dollars are being financed in the US, per the Bloomberg figures Wood referenced. Wood framed the statistic as evidence of America’s lead in the AI investment race. She tied the concentration directly to the US tax code, pointing to two features in particular. The first is 100% first-year depreciation for qualifying assets. Normally, when a company buys expensive equipment, it writes off the cost gradually over several years. Full first-year depreciation lets a company deduct the entire cost up front. The second factor Wood highlighted is an effective corporate tax rate of around 8%. That is the share of profits companies actually end up paying after deductions and incentives, not the headline statutory rate printed in the tax code. The scale of the buildout Hundreds of billio...