US midterms 2026: What Democrats’ win means for American tech companies and AI
Democrats’ win in the 2026 US midterms has left Big Tech in a tough spot. The party took control of both the House and the Senate on Tuesday, and many of its winners campaigned against AI data centres and the tech billionaires backing Republicans.Rising prices, tariffs and corruption are said to have driven much of the vote, but tech was hard to miss. In CNBC’s Voter Poll, 56% of voters said data centres were a crucial or major factor in their decision.
Elon Musk spent over $200 million on Texas races alone, according to Politico, and most of the candidates he backed lost. He was far from the only one.
