The Las Vegas-based data center operator is betting that Wall Street's appetite for AI infrastructure hasn't peaked yet. Switch, the data center operator known for building massive facilities tailored to AI workloads, has confidentially filed for a US initial public offering with the SEC. Why AI made data centers interesting againThe company’s campuses are designed for gigawatt-scale power delivery. For context, a traditional enterprise data center cabinet might draw somewhere around 5 to 10 kilowatts. The company serves both hyperscale customers and enterprise clients looking to run their own AI workloads without building custom facilities.