President Trump is expanding his data center infrastructure pledge to include Republican governors and major utilities. The agreement requires data center developers to cover their own energy and infrastructure costs.
Multiple GOP governors and large utilities are expected to sign onto Trump's data center pledge, according to sources cited by Politico. The agreement shifts financial responsibility to data center developers, requiring them to fund both energy consumption and necessary infrastructure improvements.
The pledge represents an effort to streamline data center development while addressing concerns about energy demand and grid capacity. By placing infrastructure costs on developers rather than states or utilities, the initiative aims to reduce public sector burden.
The expansion to include Republican-led states signals broader political alignment on data center policy. Large utilities joining the pledge suggests buy-in from major energy providers on the cost-sharing model.
Data centers have become increasingly critical infrastructure as artificial intelligence and cloud computing demand grows. The pledge addresses infrastructure challenges while potentially accelerating deployment timelines for new facilities across participating states.
UBS upgraded its price target for Micron Technology to $1,625 per share, marking the highest target on Wall Street. The new target represents a significant increase from UBS's previous $535 target.
ASML reported Q2 net sales of €9.3B and net profit of €2.9B, both exceeding analyst expectations. The semiconductor equipment maker raised its 2026 net sales guidance to €43B-€45B from €36B-€40B.
Surging demand from data centers has increased public electricity costs by $23 billion, according to analysis. The trend reflects the infrastructure strain caused by AI and cloud computing expansion.
Countries worldwide are implementing age verification requirements and exploring dedicated online spaces for minors as concerns mount over social media's impact on child safety and wellbeing.