AI data-center builders fell after the midterm results, with CoreWeave down about 10%, IREN about 11% and Nebius about 7%, while the companies that pay for data centers rose. The article says a federal halt is unlikely because Democrats lack the 60 Senate votes needed and a veto is possible, so the real power sits with local voters, governors, state legislatures and utility regulators. About 44% of planned data-center power is in states that just elected Democratic governors, according to Wells Fargo estimates. The article argues the constraint on AI spending is now buildings and power rather than money, with the five largest spenders on track for about $803 billion to $828 billion in 2026.
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MSFT
• NeutralMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 11/04/2026 | 556.03 |
| Change that session | +6.73% |
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/04/2026 | 200.28 |
| Change that session | -3.10% |
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