Data Center Boom Faces Wall Street Skepticism

• Wall Street's skepticism towards the data center boom is increasing due to rising interest rates, local opposition, and permitting delays.
• These factors are adding significant costs and uncertainty to data center projects, making them harder to execute on the ground.
• Trillions of dollars are needed to finance the AI boom by 2030, but the IPO market is proving resistant, forcing companies to seek alternative, potentially more expensive, financing.

Wall Street is growing skeptical of the AI data center boom due to rising interest rates, local opposition, and permitting delays, which are increasing costs and uncertainty. The need for trillions in financing may require tapping public markets, but investor resistance is making data center IPOs harder and more expensive to complete.