Hassett Says Data Center Growth Will Continue Despite 46 of 50 Anti-Buildout Ballot Wins
Updated
Updated · CNBC · Nov 6
Hassett Says Data Center Growth Will Continue Despite 46 of 50 Anti-Buildout Ballot Wins
3 articles · Updated · CNBC · Nov 6
Summary
Kevin Hassett said planned U.S. data center expansion over the next few years is not affected by the midterm ballot measures, and growth should continue at pre-election projections.
At least 46 of roughly 50 state ballot initiatives backed limits on data center development, reflecting a blue-wave backlash against a key pillar of President Donald Trump's AI push.
Hassett tied Thursday's tech-led market drop to investor uncertainty over how the new political majority might handle future data center policy, while arguing the broader economy remains strong.
CNBC's voter poll found 56% of midterm voters saw data centers as a crucial or major issue, and 62% of those calling it crucial backed the generic Democratic candidate.
Trump reaffirmed support Friday, saying he is "100% in favor" of data centers and will work with states that still want the projects.