Natural Gas-Powered Data Centers Are A Risk We Can’t Afford
Published . Updated .
Key takeaways
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
This report is about natural gas and AI and big tech.
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-13.5% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story.
- QQQ Invesco QQQ-9.8% 30d
Invesco QQQ: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story.
- GOOGL Alphabet-15.6% 30d
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.
- LNG Cheniere Energy+6.7% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.
- MSFT Microsoft+7.1% 30d
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.
- EQT Eqt-4.9% 30d
Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story.
- META Meta Platforms-13.2% 30d
Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| UNG | -9.43% | -8.04% | base | after close | after close | after close | after close |
| XLE | +7.65% | -0.44% | base | after close | after close | after close | after close |
| QQQ | +0.96% | -4.53% | base | after close | after close | after close | after close |
| GOOGL | -2.86% | -1.91% | base | after close | after close | after close | after close |
| LNG | +9.18% | -1.92% | base | after close | after close | after close | after close |
| MSFT | -4.47% | -1.64% | base | after close | after close | after close | after close |
| EQT | +8.66% | +1.40% | base | after close | after close | after close | after close |
| META | -3.18% | -5.61% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Natural Gas-Powered Data Centers Are A Risk We Can’t Afford Forbes
Source: Forbes
United States Natural Gas Fund (UNG) compared with energy stocks (XLE) since 10 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Eqt (EQT) | three days earlier | +1.40% | final price |
| Eqt (EQT) | five days earlier | +8.66% | final price |
| Alphabet (GOOGL) | three days earlier | -1.91% | final price |
| Alphabet (GOOGL) | five days earlier | -2.86% | final price |
| Cheniere Energy (LNG) | three days earlier | -1.92% | final price |
| Cheniere Energy (LNG) | five days earlier | +9.18% | final price |
| Meta Platforms (META) | three days earlier | -5.61% | final price |
| Meta Platforms (META) | five days earlier | -3.18% | final price |
| Microsoft (MSFT) | three days earlier | -1.64% | final price |
| Microsoft (MSFT) | five days earlier | -4.47% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | -4.53% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +0.96% | final price |
| United States Natural Gas Fund (UNG) | three days earlier | -8.04% | final price |
| United States Natural Gas Fund (UNG) | five days earlier | -9.43% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -0.44% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +7.65% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Alphabet (GOOGL) (held by a dependent child), worth $1,001 - $15,000 on 28 Oct 2026. That is 13 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 57 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 67 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Microsoft (MSFT) (held by a dependent child), worth $1,001 - $15,000 on 28 Oct 2026. That is 13 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Shelley M Capito sold Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 21 Oct 2026. That is 20 days before publication. Filed 4 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 15 Oct 2026. That is 26 days before publication. Filed 2 Nov 2026. View the filing.
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 75 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Eqt (EQT), worth $1,001 - $15,000 on 17 Aug 2026. That is 85 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Eqt (EQT) (held by a spouse), worth $1,001 - $15,000 on 14 Aug 2026. That is 88 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Meta Platforms (META) (held by a dependent child), worth $1,001 - $15,000 on 28 Oct 2026. That is 13 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Shelley M Capito sold Meta Platforms (META) (held by a spouse), worth $1,001 - $15,000 on 21 Oct 2026. That is 20 days before publication. Filed 4 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Meta Platforms (META) (held by a dependent child), worth $1,001 - $15,000 on 2 Oct 2026. That is 39 days before publication. Filed 5 Nov 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who is named in “Natural Gas-Powered Data Centers Are A Risk We Can’t Afford”
Companies tied to this story
- UNG United States Natural Gas Fund
In “Natural Gas-Powered Data Centers Are A Risk We Can’t Afford,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story
- XLE Select Sector Spdr Tr
In “Natural Gas-Powered Data Centers Are A Risk We Can’t Afford,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story
- QQQ Invesco Qqq Trust, Series 1
For “Natural Gas-Powered Data Centers Are A Risk We Can’t Afford,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “data center” (AI and big tech) in this story
- GOOGL Alphabet
Alphabet (GOOGL) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Natural Gas-Powered Data Centers Are A Risk We Can’t Afford.” Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story
- LNG Cheniere Energy
In “Natural Gas-Powered Data Centers Are A Risk We Can’t Afford,” Cheniere Energy (LNG) is linked, with no stored direction, medium confidence. Reason on file: Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
- MSFT Microsoft
In “Natural Gas-Powered Data Centers Are A Risk We Can’t Afford,” Microsoft (MSFT) is linked, with no stored direction, medium confidence. Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story
- EQT Eqt
Eqt (EQT) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “Natural Gas-Powered Data Centers Are A Risk We Can’t Afford.” Reason on file: Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “natural gas” (natural gas) in this story
- META Meta Platforms
In “Natural Gas-Powered Data Centers Are A Risk We Can’t Afford,” Meta Platforms (META) is linked, with no stored direction, medium confidence. Reason on file: Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “data center” (AI and big tech) in this story
How energy news reaches United States Natural Gas Fund (UNG)
The 10 Nov 2026 story “Natural Gas-Powered Data Centers Are A Risk We Can’t Afford” names United States Natural Gas Fund (UNG) because of Energy.
For United States Natural Gas Fund (UNG), the reason on file says United States Natural Gas Fund: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: it follows natural-gas prices. Linked by “natural gas” (natural gas) in this story
What this energy story puts on the calendar
QQQ traded between 680.34 and 757.18 across 20 sessions. The latest close on file is 685.32. UNG traded between 8.95 and 11.43 across 20 sessions. The latest close on file is 9.34. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.
The energy score for United States Natural Gas Fund (UNG)
46 out of 100
“Natural Gas-Powered Data Centers Are A Risk We Can’t Afford” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.