U.S. President Donald Trump on Wednesday urged data center companies to “MAKE DEALS” with local communities by paying them a “dividend” to win their support. This comes as public opposition to data centers intensifies, particularly due to their environmental impact and energy consumption. Multiple states are considering moratoriums on these facilities. Data center stocks have also come under pressure this week amid growing concerns about the sector’s financial health. Trump added that new data centers should generate their own electricity and sell any excess back to local communities.
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