Tekedia Capital warns data-center power backlash risks derailing AI trade in US midterms
NVDA•Campaign scrutiny grows in key states
Campaigns in Texas, Ohio, Michigan, Pennsylvania tied electricity prices to rapid data-center buildouts; Newsweek cited six Senate toss-ups touching the debate.
Texas Governor Greg Abbott moved toward utility audits of data-center permits, signaling tighter scrutiny despite prior support for large projects.
Nvidia remains bullish, but growth timing looks later
Crawford stayed bullish on Nvidia, but framed key growth math as skewed to 2029 amid grid constraints and escalating political risk.
Backlash against data centers seen as near-term AI trade risk
Tekedia Capital flagged political backlash against data centers as a near-term risk to the AI trade, shifting attention from earnings to elections.
Alger’s Ankur Crawford warned the data-center fight could become a “kill the AI” issue in US midterms as power-bill pressure rises.
