Trump Says Data Centers Could Be Bigger Than Oil, Urges States to Cut Taxes

Macro
โดย Yahoo Finance·US·Read original
Summary · why it matters

President Donald Trump said on Friday that data centers could eventually become a bigger industry than oil, calling them tremendously important for the U.S. economy. In an interview with Punchbowl, he criticized Texas for opposing data centers, calling it a mistake, and urged states to cut taxes to encourage their development. Trump stated that if he were governor, he would want data centers so badly and would cut taxes, warning that restricting data centers would hinder AI growth and benefit other countries. He also highlighted a policy allowing companies building AI data centers to construct their own power generation facilities with fast-track approvals, which he said avoids straining the aging U.S. power grid and enables excess electricity to be fed back into the grid. Trump asserted that the U.S. is leading AI because of him and cannot afford to lose the AI race to China, adding that he plans to discuss the issue with Chinese President Xi Jinping during an upcoming meeting.

Impact on stocks 5

Artificial Intelligence▲ · 4 stocks
Amazon.com Inc
AMZN
▲ PositiveDemandrelevance

Trump's support for data centers and tax cuts could boost AWS demand.

Meta Platforms Inc.
META
▲ PositiveDemandrelevance

Favorable data center policies could support Meta's AI infrastructure.

Cloud & Digital Infrastructure▲ · 1 stocks
Oracle Corporation
ORCL
▲ PositiveDemandrelevance

Data center expansion could increase Oracle's cloud infrastructure demand.

Theme Impact 5

Related news

▲impact 5

US Hyperscalers to Spend Up to $725 Billion on AI Infrastructure in 2026

The top five US hyperscalers are projecting a combined capital expenditure of $660 billion to $725 billion for 2026, nearly double their 2025 outlays, as the AI build-out shifts from software to physical infrastructure. Microsoft is guiding for roughly $175 billion in adjusted capital expenditure for both FY2026 and FY2027, with two-thirds of quarterly spend going to short-lived assets like CPUs and GPUs and the rest to long-lived data center infrastructure, and it added 1 gigawatt of capacity in Q3 FY2026, doubling its global footprint in two years. Amazon AWS has raised its 2026 capex guidance to approximately $220 billion, with CEO Andy Jassy saying AI capacity is expected to remain constrained through 2027 and contracted demand extending into 2028. Meta saw profit drop 14% in Q2 2026 despite a 28% revenue increase as its build-out, including a 1 gigawatt data center in Ohio and a Louisiana facility that could scale to 5 gigawatts, compressed margins, while Alphabet raised its 2026 capex guidance to as much as $205 billion and its Google Cloud backlog more than doubled year-over-year to $240 billion. The Stargate joint venture involving Oracle, OpenAI and others targets up to $500 billion in infrastructure investment by 2029, and Oracle's FY2026 capex reached $55.7 billion, more than doubling from the previous year.
AMZN ▲GOOG ▲META ▼MSFT ▲ORCL ▲
Artificial Intelligence ▲Cloud & Digital Infrastructure ▲Energy Transition & Power Demand ▲
Yahoo Finance·28mRead more →
impact 4

Citi: Data Center Opposition Has Not Weakened AI Construction Pipeline

Citi says growing political opposition to artificial intelligence infrastructure ahead of the November U.S. midterm elections has not materially weakened the data center construction pipeline. Data center development has become a bipartisan flashpoint, with local governments introducing moratoriums and at least 15 state legislatures proposing tighter regulatory restrictions, yet spending remains strong as AI infrastructure demand continues to support development. The impact has been concentrated among speculative and early-stage projects, which are increasingly delayed or cancelled during local approval processes, while late-stage developments that have already secured sites and grid connections continue to move ahead. Hyperscalers are seeking workarounds to power constraints and local restrictions, with Amazon pursuing direct investment in nuclear development with Dominion Energy and Meta securing a major nuclear power purchase agreement with Constellation Energy. Citi does not expect another market shock comparable to the emergence of DeepSeek, arguing investors have already adjusted to the prospect of highly efficient Chinese models, though it flags a potentially greater risk from governments restricting models deemed too dangerous, which could abruptly create excess computing capacity.
AMZN ▲CEG ▲D ▲META ▲
Artificial Intelligence Energy Transition & Power Demand ▲Cloud & Digital Infrastructure
Investing.com·1hRead more →
▲

Valmont Industries Raises 2026 Guidance as Shares Trade Below Fair Value

Valmont Industries has raised its 2026 sales and earnings guidance, a move that comes after an 18.6% six-month share rally tied to utility demand and grid modernization. The stock is up 15.3% year to date and has delivered a 1-year total shareholder return of 27.4%, while its 3-year and 5-year total shareholder returns of just over 2x reflect the payoff from the grid modernization theme. Against a last close of $474.64, the most followed valuation narrative pins fair value at about $624.50, implying the shares are 24% undervalued. Valmont's investments in capacity, automation, and AI are expected to unlock between $350 and $400 million in incremental annual revenue and support higher earnings and margins as the multi-year cycle unfolds. The bullish case leans heavily on infrastructure and agriculture cycles, so weaker project spending or sustained material cost pressure could quickly challenge that 24% discount story.
VMI ▲
Energy Transition & Power Demand ▲Smart City / Autonomous Infrastructure ▲
Simply Wall St·5hRead more →
© 2026 MarketDXNews