Backlash against AI data centers could become a major political risk for the sector, according to Ankur Crawford, executive vice president and portfolio manager at Alger. These infrastructures powering AI computing have become an unusual bipartisan target, with ads in Texas, Ohio, Michigan, and Pennsylvania blaming both parties for rising electricity bills. All six Senate toss-up races per the Cook Political Report involve the data center debate. Nvidia remains bullish, projecting sustained compute demand through 2029, although political resistance threatens these growth assumptions. The key question is whether tangible AI benefits, such as personalized cancer treatments, will be enough to shift public opinion before November.
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