AI infrastructure stocks fell again on Thursday morning after Wednesday's sell-off that followed Democrats' midterm sweep, when data-center builders and power-equipment makers dropped as much as 20% or more. On Thursday, Nvidia was down about 6% at $188.75, Arm about 10%, and the S&P 500 about 1.5%, while Dell fell about 9%, erasing about $20 billion in market value. Viavi crashed 18% despite revenue jumping 57% to $469.3 million, a sign that its shares are trading on fears about the whole AI build-out. The political risk stems partly from the new Texas governor-elect, who campaigned on pausing new data-center construction, and UBS estimates nearly a third of new US data-center capacity expected in 2028 could be delayed or lost if pauses spread. The article notes the political risk remains unsettled, since Congress doesn't change hands until January.
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NVDAQQQdata centersartificial intelligence
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/04/2026 | 200.28 |
| Change that session | -3.10% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/04/2026 | 691.95 |
| Change that session | +0.97% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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