# AI infrastructure stocks fall after midterms on data-centre fears

> AI infrastructure stocks fell after midterms on fears of slower data-centre buildout.

*Investors sold AI infrastructure shares after the US midterm results, citing slower data-centre buildout.*

By Bez · FeaturedDaily
Canonical: https://featureddaily.com/news/ai-infrastructure-stocks-fall-after-midterms-on-data-centre-fears

**What happened:** AI infrastructure stocks sold off on Wednesday, 4 November, after the US midterm results. CNBC reported that investors reacted to the Democratic sweep, with concern about slower data-centre buildout and tougher regulation.

**The numbers:** CoreWeave fell about 10%, Micron fell 7% and Nvidia fell 3.17%. Microsoft and Amazon each rose more than 6%, according to [CNBC's report on the midterms and AI data centres](https://www.cnbc.com/2026/11/05/ai-data-centers-midterms-capacity.html). CNBC's [live market blog](https://www.cnbc.com/2026/11/04/stock-market-today-live-updates.html) reported the Nasdaq had tumbled into correction territory.

**The context:** The strain predates the election. CoreWeave, Nebius and Iren each lost at least 30% in October.

**The catch:** Gina Hinojosa, the incoming Democratic governor of Texas, has proposed a statewide moratorium on new data-centre permits. Projects already under construction would reportedly be exempt.

**Who's affected:** Nomura said projects planned for 2028 face more exposure to permitting delays than those already under construction.

**In their words:** JPMorgan's James Sullivan, managing director and co-head of global fundamental research, said: "existing capacity is significantly more valuable now because of incremental supply constraints."

**Why it matters:** Existing data centres are now worth more to investors, because new supply is harder to add. Shares of companies building that supply took the hit.

**What's next:** The Texas moratorium is a proposal, not yet in force.

## Key takeaways

- CoreWeave fell about 10%, Micron 7%, Nvidia 3.17%
- Microsoft and Amazon each rose more than 6%
- Texas proposes statewide moratorium on new data-centre permits