Bay Area AI stocks plunge after data center voter backlash in worst trading day since April 2025
CEO Lisa Su of AMD, one of the major tech companies seeing stock losses Thursday after voter backlash against data centers, said the election shows the industry must “make sure that the value proposition is clear to every local community that is going to host a data center.”
TL;DR
- Nvidia, AMD, and Broadcom experienced significant stock drops due to voter backlash against data centers.
- Voters in Ohio and Texas supported measures to restrict or regulate data centers.
- Texas Gov.-elect Gina Hinojosa plans a statewide moratorium on data centers.
- Analysts predict a significant moderation in data center buildouts due to political opposition.
- Tech leaders like AMD CEO Lisa Su acknowledge the need to demonstrate the value of data centers to local communities.