New York just froze new AI data center permits over power costs. Does this actually slow the AI capex trade?

Hochul signed an executive order pausing new hyperscale data center permits (50MW+) for up to a year unless the builders bring their own power. First state to do this outright. Virginia's grid is already eating something like 1 in 4 kilowatt hours on data centers and Texas has a 233GW interconnection queue that's mostly data center demand

Everyone's modeling this trade off compute and chip supply. Curious if people think power ends up being the real ceiling before demand does, or if this is just NY being NY and the capex just moves to whichever state hands out the easiest permits..