Goldman CEO Solomon Defends US Data Center Buildout After Democratic Midterm Wins

Goldman Sachs CEO David Solomon says blocking the US data center buildout would push AI computing capacity overseas. The warning lands after Democrats’ midterm wins fueled calls to pause new data center approvals. Investors dumped AI and data center stocks last Thursday on fears that a Democratic Congress could curb construction. The Nasdaq slid 11% below its record high in its worst session since April 2025. Is the Data Center Backlash Louder Than It Is Real? Speaking to CNBC ‘s Leslie Picker at the bank’s 25th annual alternative summit, Solomon said opposition is not universal. Some states value the economic benefits of infrastructure investment, he said. He urged separating political noise from substantive policy, noting that state and local decisions will shape much of the outcome.

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