David Brancaccio

$50 billion a month.

That's how much Moody's expects companies to spend on average to build data centers over the next few years to pay for all that construction.

Morgan Stanley expects companies to sell a record amount of investment-grade corporate bonds this year.

As Marketplace's Justin Ho reports, all of that new debt could have some side effects.

And in Los Angeles, I'm David Brancaccio.

It's the Marketplace Morning Report from APM American Public Media.

President Trump expressed hope last night that import taxes will someday replace income taxes.

I'm David Brancaccio in Los Angeles.

One piece of last night's State of the Union address, President Trump defending unpopular taxes on imports, his much higher tariffs, many of which were found to be illegal by the Supreme Court last week.

Marketplace's Nancy Marshall-Genzer has more on that.

Imagine if you had invented a new and improved bicycle pump, which sold nicely just to bike owners.

Then the world changes when bicycle pumps are found to be the power source driving the whole economy.

That's what happened to chipmaker NVIDIA of California.

It made nice microchips to speed up the graphics for computer games.

Then

Lo and behold, versions of those chips turned out to be a great way to power the artificial intelligence revolution.

NVIDIA's stock is up 1,300 percent over five years.

And later today, NVIDIA reveals quarterly results.

And as Daniel Ackerman reports, it sees growth opportunities outside of AI data centers.

For the second day in a row, the average 30-year fixed-rate mortgage has been just below 6 percent, according to Mortgage News Daily's calculation.