Trump urges states to welcome AI data centers after ballot defeats
President Trump said Friday he will work with states that want AI data centers, calling them "GOLD" and saying only "foolish leadership" turns them down. His statement followed a week in which 40 of 41 local ballot measures on data centers were defeated, according to Ballotpedia, and NVIDIA shares fell 9%.
Key points
- 40 of 41 data center ballot measures lost this week, Ballotpedia says
- Texas governor-elect permits all current data centers to finish through 2028
- Analysts forecast NVIDIA revenue of $692B in FY2028 and $903B in FY2029
Texas governor-elect Gina Hinojosa said all currently permitted data centers in Texas will be allowed to finish construction, covering the build-out through 2027 and likely well into 2028, investor Gavin Baker noted on X. Analyst consensus projects NVIDIA revenue of $692 billion for the fiscal year ending January 2028 and $903 billion the following year, figures the company calls supply-limited. Alphabet's $17 billion Wyoming data center, partly powered by Bloom Energy fuel cells, illustrates projects shifting to friendlier states.
The story so far
2 episodes →- Trump urges states to welcome AI data centers after ballot defeatsthis story
Nvidia Needs States to Listen: Trump Says Only “Foolish Leadership” Turns Down AI Data Centers
finance.yahoo.com · 6 November 2026Loading the full article…
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