Bear in mind that besides just Democrats winning, the market reaction could be related to the fact that there were many ballot measures on limiting or putting moratoriums on data centers across the country, and it looks like all but one have passed. The message is clear that they’re going to be met with huge resistance to building them pretty much everywhere. https://stateline.org/2026/11/04/voters-across-the-country-reject-data-centers/
Bear in mind that besides just Democrats winning, the market reaction could be related to the fact that there were many ballot measures on limiting or putting moratoriums on data centers across the country, and it looks like all but one have passed. The message is clear that they’re going to be met with huge resistance to building them pretty much everywhere.
https://stateline.org/2026/11/04/voters-across-the-country-reject-data-centers/