US stocks mixed as AI data center opposition hits Nasdaq

n-tv.de (German)

US stocks closed mixed as political opposition to AI data centers weighed on the Nasdaq, while investors awaited Nvidia's earnings report. The Dow rose 0.3%, but the Nasdaq fell 0.8% and the S&P 500 dropped 0.3%. Texas Governor Greg Abbott halted approvals for new AI data centers, blaming industry practices for public backlash. Chip stocks including Nvidia, Micron, and Broadcom declined, with Wells Fargo citing political rhetoric as a key risk ahead of midterm elections. Auto stocks fell after President Trump threatened 50% tariffs on Canadian vehicles. Investors also await PCE inflation data and a Fed speech Friday, with expectations of a rate hike by end-2026.


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