Data-Center Stocks Extend Declines After Democrats’ Midterm Win

Data-center and AI-related shares fell again Thursday, two days after Republicans suffered a historic defeat in the midterm elections. Investors are weighing whether the political shift could add obstacles to expanding energy-intensive facilities, including delays in connecting them to the power grid and tighter local restrictions.

Today, 19:06· Money Talk· 593 reads

Data-Center Stocks Extend Declines After Democrats’ Midterm Win

Concerns include potential grid-interconnection delays, stricter environmental reviews and local moratoriums on high-density power and water use in major hubs such as Texas. Meta Platforms President Dina Powell McCormick said Wednesday at the WSJ Tech conference that building data centers is “going to be harder.”

CoreWeave, the Nvidia-backed compute provider, dropped 4.1% to $46.46 shortly after Thursday’s opening bell. Applied Digital, Core Scientific, IREN, Hut 8 and Nebius Group also traded lower, with losses ranging from 2.8% to 7.1%.

Data-Center Stocks Extend Declines After Democrats’ Midterm Win

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