Trump says of data centers: "They are GOLD" as he backs AI

After Tuesday’s midterm elections, President Donald Trump on Friday publicly backed data centers, the power-intensive facilities that support artificial intelligence, as Democrats who won races pledged to limit them. In a Truth Social post, Trump said he strongly supports advanced AI and would cooperate with states interested in hosting such facilities, citing competition with China, tax relief and jobs. Democratic victories, including governorships in Texas and Ohio, were helped by concerns about electricity prices and affordability. The issue matters because data centers underpin AI growth, while the election results and state-level resistance raise the prospect of more regulation. Worldwide stocks also declined Friday as investors weighed concerns about AI-related borrowing and spending.