UBS Sees 30% of Data Center Expansion in the US at Risk - Why Amazon is the Top Beneficiary!

UBS estimates that potential construction stoppages resulting from the US Midterms could jeopardize about 30% of the additional US capacity expansion planned for 2028. The risk is particularly high in Texas, where around 18 GW could be affected. According to JPMorgan, capacities for 2027 are less impacted, as 75 to 80% of the projects are already under construction. The background involves demands for stricter permitting, higher power supply requirements, and increased consumer protection against rising energy prices. The thesis: If the demand for...