Stock Markets React to Trump's Midterm Defeat

Democrats won gubernatorial elections in Texas, Ohio, and Georgia, key states for the data center boom, following President Donald Trump's major defeat in the U.S. midterm elections. Market reactions remain relatively calm, with futures pointing to a slightly negative opening. Experts say voters were driven by economic concerns, opposing rising living costs from the Iran war and trade tariffs. Analysts expect Democrats to resist AI deregulation but avoid major new rules, while gridlock with Trump may hinder significant legislative changes. The election outcome could negatively impact the data center boom, as Democratic governors may be more critical of large projects. Market caution on data centers, already priced in, is likely to persist.