Berkshire CEO Greg Abel tells CNBC there is 'a lot more pushback' on data center construction nationwide
Abel noted the growing resistance to data center construction across the U.S., primarily due to concerns over power and electricity generation. He stated that Berkshire Hathaway is interested in serving supercomputing companies, provided it does not impact rates for other customers. Wall Street analysts echo Abel's comments, pointing to increasing political resistance to major computing construction projects that can siphon local natural resources. New York State has already enacted a moratorium on data center construction, with other states considering similar bans. Mizuho analysts believe data centers could become a significant issue in the upcoming midterm elections.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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