🇹🇠Thai, 4 November 2026, data center policy
Data Center Policy Fears Hit AI Stocks After Hinojosa's Texas Win
AI stocks plummet after Hinojosa's victory in Texas, sparking fears of data center policy changes.
Hinojosa’s win has raised concerns about the potential for data center policy changes in Texas, which could impact the development of AI projects.
The State Street Technology Select Sector SPDR ETF fell 2% on Robinhood, while CoreWeave, a company that lends money to build data centers, dropped 7%.
The Nasdaq-100 index, which includes AI-related stocks, fell 0.8% in after-hours trading, with companies like SpaceX, Nebius Group, and Oracle also experiencing declines.