US Election Winners and Losers: AI, Stocks, and Data Centers

US stocks suffered a massive sell-off following the Democratic victory in the US midterm elections, erasing approximately $2.5 trillion in market value. The technology and artificial intelligence sectors were hit hardest, intensifying fears about the bull market's sustainability. The tech decline began the previous week, with Google losing about $500 billion in a single day and Intel dropping 29%. The Democratic win raised expectations of stricter regulations, threatening chipmakers and data center suppliers who had benefited from Trump's deregulatory approach. Voters in ten states rejected 41 local measures restricting data center construction, with only one exception in North Dakota. Elon Musk's $446 million election spending failed as his supported candidates lost, putting his Texas data center plans at risk.