AI stocks slide as Texas governor result raises data center risks

Automated excerpt

Artificial intelligence stocks came under pressure overnight as Democrats — seen as proponents of data center moratoriums — won big in midterm elections, with a key victory in the gubernatorial race in Texas, a key tech hub. High-risk neocloud CoreWeave — which uses borrowed money to build data centers — was off by 7% on Robinhood. Elon Musk's AI data play SpaceX, which is headquartered in Texas, was off by 6%.

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