Argentina Beckons Big Tech as US Data Center Resistance Grows

Big Tech companies like Meta Platforms Inc. (NASDAQ:META) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), the parent of Google, are expanding their data center presence in Argentina as US projects face growing resistance.

US tech giants have been investing heavily in data centers across the United States to power demand for hyperscalers and neo-clouds, but community pushback is escalating. Protesters in Austin, Texas, are demanding moratoriums, and a $100 billion project in Virginia was recently scrapped.

Dan Ives estimates that between 10% to 15% of proposed US data centers could ultimately get cut due to growing political backlash against data center buildouts, which he considers the single biggest threat to the tech revolution.