$173 million of election ads ran against data centers

Summary

AdImpact counted $173 million of election advertising about data centers this cycle, almost all of it negative, and told Axios it could not find a single ad making a positive case for them. Sylvia Jablonski of Defiance ETFs argues the build-out does not stop, it relocates, and that politics will not slow it while China is moving. Pras Subramanian watches the split in real time: IREN, Hut 8, CoreWeave, Applied Digital and Nebius all falling while the hyperscalers hold and chip stocks recover. His read on why the politics turned is blunter than the polling. Featuring Jake Conley, Breaking…

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