After BlackRock reported better-than-expected Q3 results, CEO Larry Fink warned that a U.S. moratorium on data center construction could trigger a recession, saying the economy is highly dependent on AI infrastructure capital spending. He acknowledged concerns about data centers but attributed most to misinformation, defended their job creation, and noted AI capital spending could exceed $1 trillion in 2027 and $5 trillion cumulatively by 2030, with data centers becoming a midterm election issue.
According to market sources, BlackRock and IFM Investors are in exclusive negotiations over a $25 billion data center deal as of September 24, 2026.