Democrats Win Landslide in US Midterms; Market Fears Slowdown in AI Data Centre Investment
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5 November 2026, Ming Pao Daily Economic Report: In the US midterm elections, the Democrats took control of both the Senate and the House of Representatives and won several key governorships. The market is watching for more restrictions on AI data centre construction across the US, and chip stocks were soft. The report noted that any nationwide regulation would require President Trump's signature, and he has said he would veto such bills, so data centre projects may not be easily blocked; some market participants believe the Democrats' stance could still change after the election and that new regulations may not be introduced quickly.
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- 明報·每日經濟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.
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