"Sanders and AOC introduced a bill to pause ALL AI data center construction. 300+ local bills filed. Half of planned 2026 data centers facing delays or cancellation. Each one brings billions to local economies."

This should surprise no one.

“The trade is pushing beyond just chips, models, data centers, and productivity. It’s going to increasingly include a messier conversation about the distribution of gains. This doesn’t break the AI thesis, but I think it does add a new volatility trigger.”