Egan-Jones Ratings

NEW YORK – October 19, 2026 -- The four largest hyperscalers plan more than $700 billion of capital spending this year, and Egan-Jones Ratings expects mainstream support from both US parties to keep the AI buildout going despite public opposition to local data centers.

Gallup poll shows 71% of Americans oppose a local AI data center

Egan-Jones cites Gallup data showing 71% of Americans oppose a local AI data center, against 53% for a nuclear plant. Its commentary draws a parallel with drug makers, which have stayed unpopular for years yet kept bipartisan backing while leading all other industries in federal lobbying almost every quarter since 2010.

AI has also gained ground at the ballot box. The pro-AI super PAC network Leading the Future has raised $140 million for the midterms.

New York – October 12, 2026 -- Egan-Jones Ratings says inexpensive missiles and drones have given Shiite groups leverage over the chokepoints that carry Middle East petroleum exports, with consequences for global trade and credit markets.

Houthis seize Mayun island as drone strike shuts Saudi pipeline

Yemen-based Houthis have taken control of Mayun, a strategic island in the Red Sea. Saudi Arabia's cross-peninsula pipeline was shut after drones launched from Iraq struck it. Saudi Arabia has fought the Houthis for the past decade without success, which Egan-Jones attributes partly to Yemen's mountainous terrain and the fighters' persistence.