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AI data center stocks and Musk's SpaceX decline as Texas governor result raises risks of a slowdown

Source: press CNBC•November 4, 2026 at 08:31 PM

AI data center stocks and Musk's SpaceX decline as Texas governor result raises risks of a slowdown

State Rep. Gina Hinojosa, the 2026 Democratic nominee for Texas governor, speaks at an Arlington, Texas, campaign rally on Sunday, Sept. 27, 2026. She faces Gov. Greg Abbott, a Republican, in the Nov. 3 general election. (Eleanor Dearman/Fort Worth Star-Telegram/Tribune News Service via Getty…

State Rep. Gina Hinojosa, the 2026 Democratic nominee for Texas governor, speaks at an Arlington, Texas, campaign rally on Sunday, Sept. 27, 2026. She faces Gov. Greg Abbott, a Republican, in the Nov. 3 general election. (Eleanor Dearman/Fort Worth Star-Telegram/Tribune News Service via Getty Images)

AI data center stocks came under pressure as Democrats — seen as proponents of moratoriums on the buildout — won big in midterm elections and in key technology hubs like Texas.

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