Trump blasts NY data center moratorium as AI demand surges

Trump called New York's one-year moratorium on new data centers a "terrible decision." He said the pause would cost jobs and tax revenue at a time when artificial intelligence is driving demand for computing capacity. The state imposed the moratorium to study the power and water impacts of the growing industry.

Nvidia, whose chips power most AI workloads, is a direct beneficiary of data center buildout. Any slowdown in construction could affect the company's near-term demand, though its revenue is spread globally. NVDA shares rose 0.33% to $212.49 on the day, with an Alpha Score of 74 out of 100, reflecting moderate sentiment.

The New York moratorium blocks new permits for large facilities while regulators review environmental and grid effects. It is set to last one year.