Trump-linked tokens and AI data center stocks slide after Democratic wins

Democratic election victories have triggered sharp declines in politically exposed digital assets and AI-related stocks. Trump-linked tokens fell significantly, with his memecoin dropping 19% and WLFI tokens declining 6% in 24 hours, while Trump Media shares tumbled 25%. The selloff extends to Bitcoin mining firms pivoting to AI data centers, as investors anticipate stricter regulations and slower buildouts. Galaxy Digital lost nearly 17%, Hut 8 dropped 23%, and several other companies fell at least 10%, with Texas-based projects facing particular pressure from the incoming Democratic governor. Analysts are divided on the impact, with some warning of financing stress from delayed projects while others suggest existing infrastructure could become more valuable if new construction faces tighter oversight.