MARKET REPORT
Trump Says Data Centers Could Outgrow Oil, Urges States to Cut Taxes
Executive takeaway
President Trump said data center investment could become a larger economic force than oil and called on state governments to lower taxes and speed permitting to attract AI infrastructure.
President Donald Trump said data centers could eventually be a bigger economic driver than oil, and urged state governments to cut taxes and accelerate approvals to attract artificial intelligence infrastructure investment, Yahoo Finance reported.
The comments come alongside a separate federal commitment of $17.5 billion toward new nuclear reactors, part of an effort to expand generation capacity for power-hungry computing facilities.
Wire sources cited
- Yahoo Finance — NewsWashington Just Committed $17.5 Billion to New Reactors. Uranium Funds Missed the MemoExternal ↗
- Yahoo Finance — NewsTrump Says Data Centers Could Be Bigger Than Oil, Urges States to Cut Taxes and Accelerate AI Growth: 'If I Were Governor...'External ↗
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.