Welcome to the Dividing Cafe, weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life.

Hello and welcome to the weekly Friday edition Dividend Cafe. I'm your host David Bonson. I am back in New York City after a week

in Miami, Florida, where I very much enjoyed the annual High Tower Advisors Summit. And we had

some wonderful meetings and wonderful discussions there, but got back in New York City last night.

And this morning, Friday itself,

got to write a Dividing Cafe about today's subject. This subject is somewhat new here in Dividing

Cafe. I mean, certainly adjacent to the subject, I've written about many times, but the subject

itself, which is data centers and what in the world all I've written about many times, but the subject itself, which is data centers

and what in the world all the fuss is about as it pertains to a sort of national conversation

around data center that's taken over many categories of news from markets and financial

media, but all the way into a lot of political, local news, all sorts of ramifications,

technology itself, obviously. The way it all is a vital, integrated part of the AI story.

This is not something that is new to many of you as a topic, and it's certainly, as I mentioned,

not new in the news cycle, but the way

Dividy Cafe is going to cover it today, I think you'll find to be somewhat novel. As is often the

case, there is nothing new under the sun. We talk about topics sometimes as if they're brand new

when they're not. And in this case, in fairness,

there is some definite newness to discussion of data center, but we need to go back a little

bit in time because data centers were not invented with chat GPT three or four years ago.

I think it became a pretty national and prominent part of commercial real estate life

in the United States over 30 years ago in the 1990s. Data centers certainly are a major part.

I mean, the physical facilities that house servers, and that really made the

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