AI stocks retreat as Democratic sweep puts data centre boom in focus
Wall Street's rally following the Democratic sweep of Congress did not extend to several companies riding the AI boom. Data centre builders and related technology stocks fell on…
Attributed summary
Wall Street's rally following the Democratic sweep of Congress did not extend to several companies riding the AI boom. Data centre builders and related technology stocks fell on Wednesday as investors weighed the possibility of greater political scrutiny of the industry's rapid expansion, Bloomberg reports.CoreWeave, Iren and Nebius declined, while power equipment makers GE Vernova and Vertiv also came under pressure. Chipmakers Nvidia and Marvell Technology slipped even as the…
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