Berkshire's Abel Warns of Growing Data Center Revolt

IndustryRegulation Impact 4
โดย 24/7 Wall St.·US·Read original
Summary · why it matters

Berkshire Hathaway's Greg Abel has flagged a growing nationwide resistance to data center construction, as Pennsylvania Governor Josh Shapiro signed an executive order making community support a permit prerequisite for new sites. Abel told CNBC there is "a lot more pushback" on data center construction, while White House AI adviser David Sacks amplified a political messaging script framing data centers as "life preservers" for "drowning American towns." The pushback comes as investors underwrite roughly $1 trillion in AI capital expenditure this year, with forecasts of $1.4 trillion next year. NVIDIA reported $96.22 billion in quarterly revenue and expects fiscal 2028 growth of approximately 70%, while Constellation Energy signed 920 megawatts of long-term nuclear power purchase agreements. Berkshire's operating earnings rose to $12.98 billion last quarter, and the company deployed roughly $23.5 billion into equities, including a $10 billion Alphabet stake. BRK-B is up just 0.52% year to date, compared to NVDA's 20.47% and VRT's 58.52% gains, a gap that prices in a frictionless buildout that zoning boards and rate-shock headlines could unwind.

Impact on stocks 6

Artificial Intelligence▼ · 4 stocks
Vertiv Holdings Co
VRT
▼ NegativeRegulationrelevance

Data center construction pushback and permit prerequisites threaten the buildout that drives Vertiv's 58.52% year-to-date gain.

NVIDIA Corporation
NVDA
± MixedCapitalrelevance

Reported $96.22 billion quarterly revenue and ~70% fiscal 2028 growth expectation, but the article frames this against data center pushback risk.

Alphabet Inc Class C
GOOG
± MixedCapitalrelevance

Berkshire deployed ~$23.5 billion into equities including a $10 billion Alphabet stake, a capital allocation mention.

Energy Transition & Power Demand▲ · 2 stocks
Berkshire Hathaway Inc
BRK-B
± MixedRegulationrelevance

Abel warns of growing data center construction pushback and Pennsylvania permit prerequisite, a regulatory headwind for Berkshire's data center-linked holdings.

Constellation Energy Corp
CEG
▲ PositiveDemandrelevance

Signed 920 MW of long-term nuclear power purchase agreements, a concrete demand event for Constellation's power.

Theme Impact 2

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