AI Infrastructure Boom Faces Growing Debt Risks as 47 Data Center Projects Stall

America's projected $10 trillion AI infrastructure expansion is facing mounting financial and operational challenges as data center construction costs rise and development timelines slip.
At least 47 major data center projects have reportedly been delayed, blocked or withdrawn in 2026, according to the Financial Times. Bernstein analysts estimate that only 35% of planned US projects are credible, while more than 1,000 communities have reportedly sought restrictions on AI infrastructure development.
CoreWeave $CRWV reportedly lost nearly 25% of its market value in one week as investors questioned its debt-funded expansion strategy.
The central concern is financing risk. Construction delays, rising borrowing costs and contractual cancellation provisions could leave developers servicing substantial debt before projects generate revenue.