JPM · News · 20261108N

AI Infrastructure Demand

JPMORGAN CHASE & CO · 2026-11-08 · Importance 17 · Surprise 24

JPMorgan Asset Management strategist Stephanie Aliaga said public and political opposition to data centers is becoming a significant hurdle for the AI infrastructure boom. She said current projects are largely unaffected, but the next development wave from 2028 onward faces risks of higher costs, longer negotiations and delays tied to electricity, water and grid strain. Aliaga said tougher development requirements could favor well-capitalized developers and shift investment toward more welcoming locations.