Why the 'rodeo region' is seeing a data center boom; stocks, bitcoin sell off

Market Trends & Economic Impact - Market faces key tests with Nvidia results and the September jobs report [2] - Data center buildout is moving to the "rodeo region" (Mountain West and Southwest), attracting billions in investments from tech giants [4] - Capital investment in semiconductor plants and data centers is an important component of overall US economic growth [7] - Google committed $40 billion to Texas, which will have significant knock-on effects on the regional economy, including construction and permanent employment [9] Technical Analysis & Market Performance - S&P 500 broke through its 50-day moving average, the first close below since just before May 1st [19][20] - Sector rotation is the lifeblood of the markets, with healthcare (XLV) up 9% since the beginning of the quarter, while the S&P 500 is negative [25][26] - Bitcoin is down 17% quarter to date and 2% over the trailing 24 hours, breaking support levels [28] - Ethereum is down 21% and Solana down 28% over the last month, indicating damage within the crypto ecosystem [30] - The US dollar index has risen off of lows but upside is limited, with 96 as a level to watch to the downside [31][32] AI & Technology - Grammarly rebranded to Superhum, with a current valuation of over $13 billion [33] - Superhum has 40 million daily active users worldwide, with about a third being students and two-thirds being professionals [36] - Superhum differentiates itself by focusing on "assist" AI, bringing AI to where people work in various applications [39][40] - Superhum does over 100 billion LLM (Large Language Model) calls per week [50] - Superhum generates over $700 million in revenue a year [51]