October 9, 2026
(MSFT, AMZN, GOOGL, META, ORCL, CRWV, EQIX, DLR, NVDA, AMD) Blue Wave: AI & Data Center Taxes / Regs
A proposal by Senator Ruben Gallego (D-AZ) this week likely gives investors an idea of what’s in store for the AI / data center complex if Democrats take control of Congress next month (our base…
September 29, 2026
(MSFT, AMZN, GOOGL, META, ORCL, CRWV, DLR, EQIX, NVDA, AMD, VRT) Data Center Opposition Will Not Likely End with the Midterms
With data center moratoriums recently gaining steam across the country, we do not expect political opposition to data centers to fade after the midterms. Governors facing elections in 2027 and 2028 may face growing pressure…
August 27, 2026
Semiconductor Tariffs: Phase Two Is Coming
Following reports that the Trump administration is considering eliminating the tariff exemptions for data centers and extending Sec. 232 semiconductor tariffs to servers and other chip products, we assign ~70% odds that Trump announces expanded…
August 6, 2026
(GOOGL, META, MSFT, Anthropic, OpenAI) Govt. Vetting of AI Frontier Models
We view the White House’s meetings this week with Google (GOOG), Meta (META), Anthropic and OpenAI as evidence that it still plans to release its framework for vetting frontier AI models despite missing the Aug….
August 4, 2026
(COHR, LITE, AAOI, AMZN, MSFT, GOOGL, META) Texas Data Center “Moratorium” Likely to Extend Into 2027; FCC Chinese Transceiver Ban Likely This Year
We expect Texas Gov. Greg Abbott’s (R) pause on data-center approvals to extend into 2027, with the Texas Legislature likely to determine the industry’s longer-term regulatory and tax treatment during its January 12-May 31 session…