Bernie Sanders typed six words on X. "National data center moratorium now." ,That is the quote., No hashtag. No emoji. Just a man in his eighties telling Nvidia to sit down.
Chip and data center stocks ,fell for a second day on Thursday as investors worried that Democratic gains could slow data center construction., Two days. Sanders posted once.
Consider the leverage. Trillions of dollars of capital expenditure, defeated by a man who still says "billionaire" like it's a diagnosis.
The voters did the heavy lifting. ,There were 41 local ballot measures in 10 states, restricting data centers. ,Voters backed restrictions or rejected pro-development measures in nearly every contest with results available Wednesday, with Harwood, North Dakota, the exception., Harwood, North Dakota. Pour one out for the only town in America that said yes to a warehouse full of humming servers.
The Ohio county where Meta planned a 700,000-square-foot facility ,just passed a ban on data centers., Meta spent years on that. The county spent one ballot.
Then Texas. ,Texas is home to 27% of planned data center capacity, according to Wells Fargo., Gina Hinojosa, the governor-elect, ,promised in the run up to the election that, were she to win, she would impose a moratorium on data center construction., Texas. The state that treats air conditioning as a human right and a grid failure as a personality.
Not everyone in the party is on board. Color of Change's Nadine Smith said, ,"Even among Democrats, a blanket freeze is contested.", Analysts also ,judged a national moratorium unlikely., So the Senate probably won't pass it. Sanders knows this. He posted anyway. Respect.
Retail traders will now explain that this is "priced in." They said that about the last four things. They said it about their marriages.
Your semiconductor position was a bet that no one in America would ever get mad about their electric bill. Bernie read the room. You read a Discord server.
Hold your Nvidia calls through the lame-duck session. The hum of a data center is the only sound that will outlast your portfolio.
Photo by David Watkis on Unsplash
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