Alger’s Ankur Crawford Warns AI Data Center Backlash Could Hit Midterms
Alger executive vice president and portfolio manager Ankur Crawford said backlash over AI data centers could become a defining midterm issue and a “kill the AI” moment. According to BeInCrypto, she made the comments on CNBC’s “Closing Bell” and said criticism of water and noise use is largely “FUD,” while electricity strain is a later-decade issue. Crawford also tied the political risk to Nvidia’s growth outlook through 2029, even as she remained bullish on the stock.
Alger executive vice president and portfolio manager Ankur Crawford said backlash over AI data centers could become a defining midterm issue and a “kill the AI” moment. According to BeInCrypto, she made the comments on CNBC’s “Closing Bell” and said criticism of water and noise use is largely “FUD,” while electricity strain is a later-decade issue. Crawford also tied the political risk to Nvidia’s growth outlook through 2029, even as she remained bullish on the stock.