New York bans new data centers for a year. Alphabet's chance to be the second-largest company by market cap drops to 17.5% YES.

During this one-year pause, the state seeks to create a regulatory framework that will evaluate and address how data centers impact the environment, energy use and more.

New York Gov. Kathy Hochul’s order imposing a year-long moratorium on large new data centers in the state comes amid growing opposition to massive data center buildouts to power…

The one-year pause starts now.