AI data center stocks dip as midterm elections shake up Wall Street

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The 8:30 hosts, Jake Conley and Pras Subramanian, welcome Defiance ETFs CIO Sylvia Jablonski to discuss how AI data centers became an issue in the midterm elections, an election in which Democrats won back both the House and the Senate. initial market reaction has weighed on neocloud stocks, including IREN (IREN), Hut 8 (HUT), Applied Digital (APLD), and CoreWeave (CRWV), raising questions about the outlook for AI infrastructure spending, while hyperscalers appear unaffected. Video Transcript 00:00 Speaker A Here's where I want to turn, the data center and AI build out. CNBC citing $173 million worth of General Election data center advertising, almost all negative already coming in.