Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Will Democrats stall the AI boom?
Business & Finance

Will Democrats stall the AI boom?

Will Democrats stall the AI boom?
Financial Times Thursday 05 November 2026, 20:28 UTC 1 min read
Key Points

Newly elected officials have pledged to curb data centre construction, rattling the trade that has powered US stock markets

Newly elected officials have pledged to curb data centre construction, rattling the trade that has powered US stock markets [Image text:] NO DATA CENTERS
Democrats (ORG) AI (ORG) US (LOCATION)
Originally published by Financial Times Read original →

Related Stories

Elon Musk's Tesla and SpaceX lose over $420 billion in combined market cap after midterms

Tesla and SpaceX shares declined by about 9% and 11% respectively on Thursday afternoon with investors concerned that Elon Musk, who is CEO of both companies, could face new Congressional probes, and his companies could face stricter regulation following U.S. mid-term elections. The declines, which correlated with a broader tech selloff, brought aggregate market cap losses for SpaceX and Tesla to over $420 billion since Tuesday's close. Musk's wealth, which had topped $1 trillion after...

CNBC 12m ago

Neocloud firm IREN tops quarterly revenue estimates, shares jump

Neocloud firm IREN tops quarterly revenue estimates, shares jump Nov 5 : IREN beat quarterly revenue estimates on Thursday, driven by strong growth in its AI cloud business, sending its shares up more than 9 per cent in extended trading. Companies such as Iren are building energy-intensive data centers they can eventually rent out to firms developing and running AI models. AI cloud revenue for the first quarter rose to $200 million, from $71 million in the prior three months.

Channel News Asia 20m ago

Two Aboriginal brothers have opened the first barber shop at Ceduna in decades

Brothers bring a buzz to Ceduna with first barber shop in 50 years Brothers Tjerayh and Tjeryan Coleman-Ware started cutting hair in their back shed — now they operate the first barber shop in Ceduna for five decades. The shop doubles as the only 100 per cent Aboriginal owned and operated shop on the town's main street. Tjerayh was 15 years old when he first started using the clippers and is trying to meet a need he experienced as a younger person.

ABC Australia 22m ago

Nvidia Plunges 9% as AI Selloff Wipes Out $2.3 Trillion | Closing Bell

The Close Nov 5th, 2026 Nvidia Plunges 9% as AI Selloff Wipes Out $2.3 Trillion | Closing Bell Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kailey Leinz, Carol Massar and Tim Stenovec.

Bloomberg Technology 22m ago