The Blue Wave just slapped the AI trade across the face
Democrats took the House and Senate, then casually flipped Texas, Georgia, and Ohio for good measure.
Wall Street’s first reaction: “Wait… the data center gold rush might need permits now?”
Nasdaq futures did the classic panic-and-recover dance (down hard overnight, then clawing back). Dollar got weaker, bonds got bought, and every chip stock started side-eyeing Texas.
The new market reality check:
AI still has insane demand (AMD just reminded everyone with monster numbers)
The “build data centers everywhere, ask questions never” era just hit a speed bump
Gridlock is coming. Regulation is coming. The AI party isn’t over… but the open bar just got a little more supervised.
Who’s still long the AI trade after this? 👀
$E-mini Nasdaq 100 - main 2612(NQmain)$ $NVIDIA(NVDA)$ $iShares Semiconductor ETF(SOXX)$ $CoreWeave, Inc.(CRWV)$ $NEBIUS(NBIS)$
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