AI stocks hammered by midterm shock as data center buildout becomes a 'war of attrition'

What happened: AI stocks fell after the midterm election rout hit a trade already pressured by high interest rates, heavy capital spending and questions about returns. The data center buildout is being described as a "war of attrition." Why it matters: The selloff adds to existing pressure on the AI trade, with spending levels and return questions weighing on the sector alongside election-driven market moves. Coverage: 3 outlets in 24h

AI stocks fell after the midterm election rout hit a trade already pressured by high interest rates, heavy capital spending and questions about returns. The data center buildout is being described as a "war of attrition."

The selloff adds to existing pressure on the AI trade, with spending levels and return questions weighing on the sector alongside election-driven market moves.