The AI trade may be about to grow far beyond GPUs. At the All-In Summit, President Donald Trump called data centers "the oil of the next 20–25 years," arguing that they are making states and communities wealthy. Data proves otherwise. Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang agreed with the broader thesis, tying the surge in AI infrastructure to America's industrial resurgence. Huang said roughly $400 billion in venture financing has flowed into AI companies over the past six months, creating jobs and enormous demand for computing power — which is, in turn, driving demand for data centers. But that buildout is also creating a backlash in communities.
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