Goldman Sachs Warns Democratic Wins Could Threaten 45% of US Data Center Expansion

Goldman Sachs warned that Democratic victories in the November 3 midterms, which gave the party both congressional chambers and the governorships of Texas and Georgia, could put roughly 45% of planned US data center expansion at risk as new leadership may alter approval processes. The bank flagged political uncertainty as a direct threat to construction timelines for the facilities underpinning AI and cloud capacity. The outcome matters because data center buildouts are a key driver of power demand and related infrastructure investment. What to watch next is whether incoming officials revise permitting and grid-connection approvals, and how developers adjust schedules for projects in the affected states.