● IndustryNov 5, 2026 · 06:308 sources
Data center shares fall as investors expect slower AI buildout after Democrats win Congress; Hut 8 drops 23%, IREN 11%, Core Scientific 10%, Applied Digital 7% (Reuters)
From techmeme.com
AI;DR
Data center shares fell as investors expect slower AI buildout after Democrats win Congress. Hut 8 dropped 23%, IREN 11%, Core Scientific 10%, and Applied Digital 7%.
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- SUPPORT@techmeme“Data center shares fall as investors expect slower AI buildout after Democrats win Congress; Hut 8 drops 23%, IREN 11%, Core Scientific 10%, Applied Digital 7%”x.com
- SUPPORT@divestech“we believe Big Tech capex growth rate now peaks in 2027 vs our previous view that would not happen until 2028/2029. While Big Tech and hyperscaler capex should still easily exceed $1 trillion in 2027 the growth rate into 2028 will clearly moderate significantly”x.com
- SUPPORT@rdd147“Dan Ives warns of major catastrophe coming to Ai, cutting his data center forecast by 10%.”x.com
- SUPPORT@specialsitsnews“He noted that political shifts could slow down or delay the construction of dozens of U.S. AI data centers and force Big Tech to bring forward its peak capital expenditure (capex) growth timeline to 2027.”x.com
- SUPPORT@biancoresearch“Incumbent Republican governor Greg Abbott put a moratorium on data center construction on September 21st. The hope was that he would win and lift the moratorium. The fear is that the moratorium won't be lifted.”x.com
- SUPPORT@shanumathew93“Texas already had a permitting halt under Republican Governor Abbott. Hinojosa’s proposal could extend it until legislation.”x.com