AI data center demand drives earnings growth as Nasdaq 100 shows caution
The gist
Goodman targets 9% annual earnings growth as data center demand strengthens.
AI spending is cushioning growth, but the Nasdaq 100's struggle shows investor caution.
How it unfolded
- Nov 4, 2026Goodman says it is eyeing 9% annual earnings growth as data center demand strengthens.
- Nov 5, 2026The Nasdaq 100's struggle reveals a more cautious market view of AI, and coverage examines what the midterms mean for the data center build-out.
- Nov 6, 2026Texas data center restrictions threaten timelines, though not necessarily AI demand.
Key terms
- Nasdaq 100
- A stock market index of 100 of the largest non-financial companies listed on the Nasdaq exchange.
- hyperscalers
- Large cloud computing providers whose infrastructure can scale rapidly to meet growing demand.
- midterms
- US general elections held near the midpoint of a president's four-year term, when all House seats and about a third of Senate seats are contested.
Source: Wikipedia