Data centers were on the ballot and they lost big time. Voters in at least 29 jurisdictions approved restrictions on data centers.

Hyperscalers have committed trillions to AI infrastructure they may not be able to build.

The AI bubble is inflated by the idea that there’s enormous demand for AI. So what happens if the demand shows up but there’s no capacity to meet it? 🫧

https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-11-04-2026/card/a-big-loser-at-the-ballot-box-new-data-centers-lUJTT0Zz4iGxfrmRUSN4