Goldman warns 45% of planned US data center capacity at risk as Texas election spooks GPU stocks

rohanpaul_ai · x · 2026-11-04

GPU cloud stocks sold off after the Texas election: Nebius fell as much as 5% (though it has no data centers in Texas) and CoreWeave dropped 7%. Democrat Gina Hinojosa unseated Governor Greg Abbott after campaigning for an immediate data center pause until lawmakers set safeguards for power, water and local communities.
Wells Fargo estimates Texas holds 27% of planned US data center capacity; Goldman Sachs warns Democratic wins in state and local races could trigger temporary construction moratoria hitting 45% of planned US capacity. Texas permitting was already frozen in September pending a December grid audit.
Nebius's announced US sites are in Missouri, Pennsylvania, Alabama and Vineland, NJ — the latter serving its $17.4B Microsoft contract through 2031.

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