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AI data center stocks fall on Democratic victory in US midterm elections

MarketWatch +6 · ·by G4L

CRWV
CRWV CoreWeave Inc
$48.98 +5.56%
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ORCL +3.18%CORZ CORZ +8.16%IREN IREN -1.06%APLD APLD +7.52%
  1. 1A sell-off in artificial intelligence data center stocks was triggered as the Democratic Party swept the US midterm elections.
  2. 2In pre-market trading, Applied Digital fell 3% and Nebius fell 1.3%, including a 3.2% drop for CoreWeave.
  3. 3Oracle fell approximately 1.2% following its recent session recording $20 billion in stock and bond issuance.

So what's the key point?

AI data center stocks are being sold off following the Democratic Party's victory in the US midterm elections. Prices for related companies have declined, with CoreWeave's stock falling 3.2%.

Source MarketWatch +6 · View original ↗

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