According to Bernstein, at least 47 major data center projects have been delayed, scrapped, or blocked in the United States in 2026, with only about 35% of the planned pipeline deemed credible. This slowdown is attributed to grid connection issues, permitting challenges, equipment shortages, and local opposition. The situation raises concerns about the sustainability of the AI infrastructure buildout. Market participants are closely monitoring states contemplating moratoriums on data center construction, particularly Louisiana, Oklahoma, and Missouri.
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