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Louis Navellier advises investors to ignore data center moratorium fears, expects construction boom to continue through 2029-2030
Navellier stated that despite New York instituting a one-year moratorium on large data centers (consuming 50+ megawatts) to refine regulations, the overall data center boom remains strong. He noted that the number of data centers in the U.S. is still set to nearly double, with 3,969 new data centers planned and 802 currently under construction. Data center construction rose 7% in June to $68.3 billion, a 46% year-over-year increase. Navellier projects the order backlog for data centers will persist through 2029 to 2030.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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