Voters Said No to Data Centers 40 Times Out of 41. By Wednesday Afternoon Amazon Was Up 8%, Google 6%, and CoreWeave, the Smaller Rival Renting Out AI Computing, Was Down 10%
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Democrats flipped both chambers of Congress on Tuesday and voters sided against data centers in 40 of 41 local ballot measures. Analysts warned overnight of an AI sell-off, but on Wednesday the market split the industry in two: Amazon, Google, Microsoft and Meta rallied while CoreWeave and other smaller 'neocloud' builders sank, with Needham's Laura Martin writing that higher regulatory barriers entrench incumbents.
