White House: Midterm “Blue Wave” Will Not Halt Data Center Build-Out

• Dispatched: Nov 7, 2026 · 15:40 ET (20:40 UTC)

Originally reported: 10:55 AM ET, November 6, 2026 (CNBC, first published), updated 1:54 PM ET Source: CNBC Source link: https://www.cnbc.com/2026/11/06/data-centers-ai-elections-hassett.html Reason for supplementary send: Originally reported on Friday morning, November 6 (US Eastern time); missed by several earlier checks and first retrieved in this round. Sent directly under the supplementary-reporting rule.

What happened:

White House National Economic Council Director Kevin Hassett said on CNBC's "Squawk on the Street" on Friday that, despite the Democrats' sweeping midterm victories — with voters backing restrictions in at least 46 of roughly 50 data-center-related ballot initiatives — he still expects data center construction to continue as projected before the election, and that projects scheduled over the next couple of years are not affected by the ballot measures. He said there is plenty of room in the US for data center growth to continue as projected ahead of the election. On the same Friday morning, President Trump wrote on Truth Social that he is "100% in favor of Super Intelligence (SI)" and will work with the many US states that want to become rich by hosting them.

Why it matters: This is the White House's direct response to the central driver of this week's sell-off in the user's holdings (fears of tighter data-center regulation), and it stands in contrast to the Democrats' January AI bill package already sent as a supplementary report on November 7. The president holds veto power, a key check on whether any federal legislation can take effect. Part of Friday's rebound in US chip and memory stocks was attributed to this reassurance. Magnitude: medium news.

Sourcing note:

Hassett is a named senior official speaking on the record, verified in the original CNBC report; Trump's statement is quoted from his Truth Social post. Local ballot restrictions and the Texas governor-elect's proposed pause on new data-center approvals remain in place, so policy uncertainty has not been removed.