原帖引用 · AI 翻译
高盛警告称，民主党在州和地方选举中的胜利可能导致临时建设暂停令，影响美国规划中数据中心容量的 45%，其中仅得克萨斯州就约占规划新增容量的 25%。
民主党籍州众议员 Gina Hinojosa 以一项承诺参选：在立法者制定保护电力、水资源和当地社区的保障措施之前，暂停发放新许可。Jefferies 估计，这一立场使得克萨斯州已公布的 13.3 GW 项目面临风险。
原文
Goldman Sachs warns Democratic successes in state and local elections could lead to temporary construction moratoria hitting 45% of planned US data center capacity, with Texas alone representing approximately 25% of planned additions. Democratic state Rep. Gina Hinojosa ran on a pledge to halt new permits until legislators set up safeguards for power, water and local communities, a stance Jefferies estimates puts 13.3 GW of announced projects in Texas at risk.
得克萨斯州投票后，Nebius Group 股价一度下跌 5%，尽管该公司披露的信息显示其在当地没有数据中心。
民主党人 Gina Hinojosa 在竞选中主张立即暂停数据中心项目，直到立法者制定保障措施；她击败了州长 Greg Abbott。
富国银行估计，得克萨斯州占美国规划中数据中心容量的 27%，因此投资者集体抛售 GPU 云计算股票，导致 CoreWeave 下跌 7%。
Nebius 已公布的美国站点位于密苏里州、宾夕法尼亚州、阿拉巴马州以及新泽西州的 Vineland；其中 Vineland 站点为其总额达 174 亿美元、持续至 2031 年的微软合同提供服务。
得克萨斯州的开发项目此前已被冻结：9 月，Abbott 暂停了该州所有数据中心许可的发放，等待预计于 12 月完成的电网审计。
因此，这次投票主要决定的是，冻结措施会在审计后解除，还是持续到立法者制定新规则为止。
冻结期延长可能提高 Nebius 在其他地方掌握的电力资源的价值，例如其规划中的宾夕法尼亚州 1.2 GW 园区背后的专用公用事业电力供应。
Nebius 面临的更大风险来自即将上任的民主党掌控的国会；高盛策略师认为，限制税收优惠是可能的，但实施全国性暂停令的可能性不大。
原文
Nebius Group fell as much as 5% after the Texas vote, though it discloses no data centers there. Democrat Gina Hinojosa unseated Governor Greg Abbott after campaigning for an immediate data center pause until lawmakers set safeguards. Wells Fargo estimates Texas holds 27% of planned U.S. data center capacity, so investors dumped GPU cloud stocks together, sending CoreWeave down 7%. Nebius’s announced U.S. sites are in Missouri, Pennsylvania, Alabama and Vineland, New Jersey, which serves its $17.4B Microsoft contract through 2031. Texas development was already frozen: in September, Abbott halted every state data center permit until a grid audit expected in December. So the vote mostly decides whether that freeze lifts after the audit or lasts until lawmakers write new rules. A longer freeze could raise the value of power Nebius holds elsewhere, such as the dedicated utility supply behind its planned 1.2GW Pennsylvania campus. Nebius faces more risk from the incoming Democratic Congress, where Goldman Sachs strategists see tax-incentive limits as possible but a national moratorium as unlikely.