Congress Expands Review of AI Data Centers: Amazon, Google, Meta, and Oracle Under Scrutiny

The U.S. Congress is intensifying its scrutiny of AI data center construction, focusing on Amazon, Google, Meta, and Oracle.

House Judiciary Committee member Jamie Raskin has requested these companies to disclose details about their confidentiality agreements with government officials regarding data center projects.

This investigation aims to enhance transparency in the approval process of these projects, which have significant implications for local communities.

Amazon's current Price-to-Sales (P/S) ratio is significantly higher than its historical median, indicating that earnings-based valuation methods like P/E do not apply due to its cash-flow-negative status.