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via finance.yahoo.comMarkets

SpaceX, Tesla stocks sink as analyst warns Democrats' win will hurt AI build-out

FROM THE WIRE · FINANCE.YAHOO.COM

One of Wall Street's biggest AI bulls says the sweeping Democratic victory in the midterm elections will slow the pace of the AI data center build-out in the US over the next two years. Data center-related stocks dropped, including Elon Musk-led SpaceX (SPCX) and Tesla (TSLA)…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA Democratic win could slow AI rules and data center build-out, weighing on AI-linked stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Tesla and SpaceX fell 5% and 7% respectively in Wednesday's session.
  2. 02CoreWeave, IREN and Vertiv traded lower after the Democratic midterm victory.
  3. 03Analyst Dan Ives expects hurdles for AI and tech legislation over the next two years.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Space Exploration Technologies Corp.SPCXStock136.57 USD-3.35%today -3.35%Negative Tesla, Inc.TSLAStock379.93 USD-4.66%today -4.66%Negative CoreWeave, Inc. Class A Common StockCRWVStock52.11 USD-3.03%today -3.03%Negative IREN LimitedIRENStock23.54 USD-3.76%today -3.76%Negative Vertiv Holdings CoVRTStock214.90 USD-8.93%today -8.93%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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