Blue Wave Hits Tesla and SpaceX as US Midterms Signal Changes for AI Data Centers

At a glance

A forecast that the Democrats will take control of Congress in the US midterm elections has led analysts to say rules for AI companies could change. On the 4th, Tesla and SpaceX shares fell on Nasdaq. The view that the pace of building new data centers will slow is now the prevailing one.

Key points

1. 1

   The prediction market Kalshi put the Democrats' chances of winning the Senate at 76% and the House at 93%.

2. 2

   The US AI industry has so far pushed for light regulation and has moved closely with the Trump administration.

3. 3

   Bloomberg said developers that were planning large AI campuses in Texas are now in the worst possible position.

4. 4

   At the same time, Intel's stock fell 28.58% in a single day because its earnings outlook fell short of market expectations.

Why it matters

Changes in US politics could affect AI companies and data center investment, and that also connects to Korean companies such as Samsung Electronics and SK hynix and to the Korean stock market.