The US commodity import data for July exceeded expectations by 3.7%, while US merchandise exports fell by 2.9%. Capital goods imports recorded the biggest increase since 1993. This is highly consistent with the physical delivery logic of artificial intelligence data centers continuing to import high-performance AI server components, AI computing power core accelerators, network infrastructure equipment, data center power systems, and liquid cooling components.

The US commodity import data for July exceeded expectations by 3.7%, while US merchandise exports fell by 2.9%. Capital goods imports recorded the biggest increase since 1993. This is highly consistent with the physical delivery logic of artificial intelligence data centers continuing to import high-performance AI server components, AI computing power core accelerators, network infrastructure equipment, data center power systems, and liquid cooling components.