NY Governor Kathy Hochul on Her One Year Data Center Moratorium

NY Governor Kathy Hochul on Her One Year Data Center Moratorium – Odd Lots

Mentioned

Bullish

MICRON— Governor Hochul highlights Micron's $100B investment in New York as the largest private sector investment in American history, creating 10,000 direct and 40,000 indirect jobs. The state is prioritizing power allocation for semiconductor manufacturing over data centers.
NUCLEAR— Governor Hochul is pursuing the most ambitious nuclear expansion in decades, planning to build more nuclear capacity in New York than the entire country has built in 30 years. She's working with the Trump administration for approval and low-interest loans, and is open to small modular reactors for data centers.
OFFSHOREWIND— Governor Hochul is fighting to keep offshore wind projects operational, with a facility expected to launch in fall that will power half a million homes in Brooklyn, positioning it as a key alternative energy source for New York.
NYCRE— New York City commercial real estate is experiencing strong leasing activity with tech and financial services companies expanding. Governor Hochul notes extraordinary lease activity in recent months, contradicting pandemic-era predictions of NYC real estate being 'dead'.

Bearish

DATACENTER— New York State has implemented the first statewide data center moratorium in the US, requiring data centers to bring their own power or pay premiums. The governor prioritizes semiconductor manufacturing over data centers for power allocation and notes widespread anti-data center sentiment with 'no friends' in the AI industry.
WAYMO— New York put a pause on Waymo's autonomous vehicle trial. Governor Hochul emphasizes protecting current drivers and requiring alternatives for displaced workers before allowing disruptive autonomous vehicle technology to proceed.

Not investment advice.