The market is telling the hyperscalers it's happy about a slower data center buildout

Perhaps the clearest takeaway from Tuesday's US midterms is that data centers are unpopular. After a short-lived construction boom, they provide little ongoing employment and drive up local energy costs. There were 41 local votes on data center curbs and 40 of them are on track to win, with margins in the 75/25% range. Microsoft and Amazon are heavily into the data center business, including huge…