Amazon to Self-Fund Data Center Power After Trump Demands Tech Build Own Plants
President Trump unveiled a Rate Payer Protection plan requiring tech firms to build their own power plants, and Amazon CEO Andy Jassy confirmed it will fund its data center electricity needs. Analyst Willy Woo compared Bitcoin’s 48% drop from record highs to Amazon’s 90% dot-com bust crash, underscoring volatility parallels.
1. Trump’s Rate Payer Protection Plan
During his State of the Union address, President Trump unveiled the Rate Payer Protection plan directing tech companies to construct their own electricity plants to support AI data center growth. Amazon CEO Andy Jassy responded that Amazon will fund its own power infrastructure to meet surging electricity demands.
2. Analyst Compares Bitcoin and Amazon Drawdowns
Crypto analyst Willy Woo likened Bitcoin’s 48% drop from record highs to Amazon’s 90% stock crash during the early-2000s dot-com bust, arguing these volatility patterns reveal similar risk profiles between leading Wall Street equities and the apex cryptocurrency’s store-of-value narrative.