AI data center stocks dip, renewables surge after Democrat sweep in US midterm elections

What happened: After Democrats won both the Senate and the House in the US midterms, data center stocks slipped in premarket trading while clean-energy shares surged. Key numbers: Core Scientific down 2.8 per cent, Iren down 1.4 per cent. Why it matters: A Democratic-led Congress raises prospects of more hearings and investigations into the AI buildout, though analysts doubt legislation could meaningfully stall data center construction. Federal support for clean energy is expected to remain in place. Coverage: 7 outlets in 24h

After Democrats won both the Senate and the House in the US midterms, data center stocks slipped in premarket trading while clean-energy shares surged.

A Democratic-led Congress raises prospects of more hearings and investigations into the AI buildout, though analysts doubt legislation could meaningfully stall data center construction. Federal support for clean energy is expected to remain in place.