Trump's energy policy didn't directly enable AI factories, but it's not just about the grid or renewables. The broader economic and regulatory environment under Trump created a sense of stability and predictability that can influence business decisions. Companies often look for long-term signals—like reduced regulatory hurdles or a pro-business climate—that can make investing in new industries more attractive, even if the direct link to AI is indirect. The verdict focuses on hard data, but it misses how policy can shape expectations and risk appetite, which are also part of the real-world outcome.