Stock Markets
Why AI stocks fell after the Democrats' midterm sweep
AI stocks fell because markets read the Democrats' Nov. 3, 2026 midterm sweep as a sign that AI data centers will get harder and costlier to build. On Nov. 5 the Nasdaq dropped 5.52% and Nvidia 9.26%, as 39 of 45 local data center ballot measures passed (as of Nov. 7, 2026).