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)
Reuters : 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% — Wall Street closed sharply higher on Wednesday as Democrats' sweeping midterm election victory eased political uncertainty …
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Data Center Stocks Slide as Investors Anticipate Slower AI Buildout — Shares of major data center companies fell after Democrats won control of Congress, as investors anticipated a slower pace of AI infrastructure expansion. Hut 8 dropped 23 percent, while IREN and Core Scientific also…
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