Democratic election wins fueled concerns over AI data centre growth, triggering investor fears of tighter regulation and slower expansion.
Trump's midterm drubbing demonstrates the power of data-centre opponents
AA Astro Awani 
Key points
- HONG KONG: Opponents of data centres were among the biggest winners of the Democrats' landslide wins in the US midterm elections, pointing to a shifting public mood on AI and, investors said, a possible slowdown of the boom that has propelled US economic growth and stock markets.
- Investors say the results are likely to usher in tougher regulation and could ripple across financial markets where AI stocks were falling on Wednesday; big bets have already started to wobble due to concerns about spending and overcapacity.
- The most stunning ballot box repudiation was in Texas, which GLJ Research has estimated accounts for about a quarter of US data-centre capacity that is due to come online by 2030.
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