Goldman Sachs: Texas and Pennsylvania Tighten Data Center Approvals, AI Compute Demand Continues to Accelerate

According to Chaoxiang Research, Goldman Sachs' August 31, 2026 research report indicates that Texas and Pennsylvania governors signed executive orders in August to tighten data center development regulations. Goldman Sachs utilities analysts note minimal impact on high-quality, large-scale projects, while speculative, undercapitalized ventures will bear the brunt. SMCI's F4Q26 earnings report reveals single-quarter orders exceeding $60 billion, with FY27 revenue guidance set at $65 to $72 billion, reflecting a 75% year-over-year increase, approximately 70% of which is tied to pure AI deployments.