# AI, data-center stocks slip as Democratic sweep clouds expansion plans

- URL: https://talkfuse.com/story/ai-data-center-stocks-slip-as-democratic-sweep-clouds-expansion-plans/
- Published: 2026-11-05T11:23:14+00:00
- Updated: 2026-11-05T12:50:04+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/ai-data-center-stocks-slip-democratic-sweep-clouds-expansion-plans-6527366
- Topics: AI, Business, Markets, Technology, World

## Key points

- Data centre shares fell amid concerns over political scrutiny and local opposition.
- UBS estimates 30 per cent of planned 2028 US capacity could face construction pauses.
- Amazon, Alphabet and Meta rose as some investors anticipated slower AI spending.

## Summary

AI and data centre shares fell in premarket trading after Democrats’ sweeping US midterm victory heightened concerns that political scrutiny and local opposition could slow the industry’s rapid expansion. The sell-off also reflects investor doubts about whether heavy spending on AI infrastructure will produce enough returns.

CoreWeave and Nebius fell about 4 per cent, as did operators Applied Digital, Cipher Digital and IREN. UBS analysts estimated that around 30 per cent of US data centre capacity additions expected in 2028 could be at risk from construction pauses. Utilities and equipment suppliers also slipped, while Amazon, Alphabet and Meta rose nearly 1 per cent each; Qualcomm separately dropped 9 per cent after smartphone-chip sales missed estimates.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.