AI stocks hammered by midterm shock as data center buildout becomes a ‘war of attrition’
Summary
Artificial intelligence related stocks faced heavy market losses following the election results. This downturn compounded existing pressures on the sector, including expensive infrastructure expansion, elevated borrowing costs, and growing uncertainty regarding future financial returns.
The election rout landed on an AI trade already under pressure from high interest rates, heavy capital spending and questions about returns.
Source: Read the full story at US Top News and Analysis
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