Treasury Secretary Scott Bessent urged artificial-intelligence companies to better explain data center projects and address local concerns over electricity demand and utility bills, while Nvidia Chief Executive Jensen Huang defended large-scale infrastructure investment. Speaking at events in North Carolina on the 2nd, Bessent said the industry had done a "terrible job" of explaining AI’s benefits and graded its community response "D-minus." Huang said Nvidia planned to invest about $1 trillion in U.S. infrastructure this year, describing AI infrastructure as essential as roads, electricity, water and the internet. Bessent opposed restricting data center construction, arguing that short-term demand for power, construction materials and advanced semiconductors such as High Bandwidth Memory could eventually give way to productivity gains and lower prices. He said disinflationary effects could begin within six months and linked continued investment to competition with China, saying the United States held 55–60% of global computing power last year and could reach 80% by 2028. Broadcom separately reported fiscal third-quarter revenue of $29.591 billion, up 86% year over year, while raising its fiscal 2026 AI revenue forecast to $58 billion, although its fourth-quarter guidance missed estimates. The broader developments came as renewed U.S.-Iran fighting spread to Kuwait after earlier exchanges over the Strait of Hormuz.