Midterms results cast doubt on data center buildout: Goldman Sachs

Name: Midterms results cast doubt on data center buildout: Goldman Sachs
Uploaded: 2026-11-06T15:15:10.000Z
Duration: 47 s
Description: Goldman Sachs analyst Timothy Moe says U.S. midterm election results have raised concerns about increased political opposition to data center construction. He warns that a slower or smaller U.S. buildout could reduce data center capital spending and weaken demand across the Asian AI hardware supply chain.

News Clip0:47CNBC Television·CA·11/6/2026

Goldman Sachs analyst Timothy Moe says U.S. midterm election results have raised concerns about increased political opposition to data center construction. He warns that a slower or smaller U.S. buildout could reduce data center capital spending and weaken demand across the Asian AI hardware supply chain.

opposition

Goldman Sachs analyst Timothy Moe told CNBC that the U.S. midterm election results have fueled concerns about greater political opposition to data center construction. That opposition could affect the pace and scale of planned development across the country.

Moe said data center capital expenditures have been a key demand signal for Asian AI hardware suppliers, particularly memory manufacturers. A slowdown in U.S. construction could therefore ease the supply-demand imbalance that has supported strong pricing and profits in the hardware sector.