Democratic midterm sweep hits Trump-linked crypto and AI data-center stocks

Democrats' midterm sweep triggered sharp declines in Trump-linked digital assets and AI data-center stocks, with Trump's memecoin falling 19% and Trump Media shares dropping 25% amid expectations of slower buildouts and potential investigations. WLFI tokens from World Liberty Financial fell 6%, while mining firms pivoting to AI campuses saw major losses: Galaxy Digital dropped 17%, Hut 8 fell 23%, and MARA Holdings declined 4%. Texas' newly elected Democratic governor campaigned against unrestricted data-center development, threatening nearly 30% of US capacity slated for 2028. Investors worry financing costs will mount as revenues are delayed, though some analysts call the selloff an overreaction, noting existing infrastructure could become more valuable if Democrats impose stricter AI buildout regulations.