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via seekingalpha.comTech & AI

AI stocks tied to Texas data centers slump after Hinojosa win

FROM THE WIRE · SEEKINGALPHA.COM

[Hutto Data Center in Texas for Artificial Intelligence Hyperscale Campus Power Infrastructure Construction] BackyardProduction/iStock via Getty Images Shares of AI infrastructure companies with Texas exposure slumped in overnight trading after Democrat Gina Hinojosa defeated…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA possible halt to new Texas data centers weighs on the AI sector and Nasdaq-100 futures, down about 2%.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Gina Hinojosa defeated Republican incumbent Greg Abbott in the Texas governor's race.
  2. 02Hinojosa has called for a moratorium on new data-center projects until protections are established.
  3. 03Nasdaq-100 futures fell 2% and the XLK ETF declined 2% in overnight trading.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
CoreWeave, Inc. Class A Common StockCRWVStock53.74 USDMarket closedtoday +7.16%Negative State Street Technology Select Sector SPDR ETFXLKETF176.51 USDMarket closedtoday +1.31%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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