Democrats Win Big in Midterms; Market Fears Slowdown in AI Data Centre Investment as Chip Stocks Soften

The Democrats took control of both the US Senate and House of Representatives in the midterm elections and won several key governorships, with the market concerned that AI data centre construction across the country will face more restrictions, and chip stocks softened. As any nationwide regulation requires President Trump's signature, and he has said he would veto such legislation, data centre projects may not be easily blocked. Some market participants believe the Democrats' stance may still change after the election, and new regulations may not be introduced quickly.