AI, data-center stocks slip as Democratic sweep clouds expansion plans
AI and data center-linked stocks slipped in premarket trading on Thursday as Democrats’ sweeping US midterm victory raised concerns about potential hurdles to the industry’s rapid expansion.
Neocloud stocks, which have become a barometer of investor anxiety over heavy AI spending, fell, with CoreWeave and Nebius down 1.6% and 2.2%, respectively.
Investors worry Democratic control of Congress could bring tougher scrutiny of the data-center industry, potentially slowing development at a time when public opposition to new facilities is already mounting.
