AI-linked data center stocks slide as Democrats crack Republican strongholds

Hewlett Packard Enterprise

Yesterday 13:47

** AI-linked stocks fall in premarket trading after Democrats win in key data center markets, including Texas and Georgia 
** Democratic gains fuel concerns over tighter data center regulation and potential curbs on AI infrastructure expansion underpinning AI computing demand 
     
NEOCLOUDS 
** CoreWeave CRWV.O slides 3.2%, with peers Nebius NBIS.O and IREN IREN.O down 3.3% and 3%, respectively 
** The Roundhill Neocloud ETF NCLD.O, which tracks major neocloud stocks, declines 3.8% premarket
** On Wednesday, NCLD hit its lowest since it started trading in August
     
SERVER MAKERS 
** Server makers Dell DELL.K, Super Micro SMCI.O and Hewlett Packard HPE.N fall between 2.4% and 3.2%
     
CYBERSECURITY
** CrowdStrike CRWD.O, Fortinet FTNT.O and Zscaler ZS.O down between 2.1% and 3.2%
** As of last close Global X Cybersecurity ETF BUG.O up over 54% YTD 
     
DATA CENTER OPERATORS 
** Applied Digital APLD.O, Hut 8 Corp HUT.O and Cipher Digital CIFR.O down between 2.5% and 3.9%
** Core Scientific CORZ.O up 3.4% on strong results a day after its steepest one-day drop in over three weeks
** The Global X Data Center & Digital Infrastructure ETF DTCR.O up nearly 23% YTD 
     
DATA CENTER POWER SUPPLY CHAIN
** As of last close, energy infrastructure firm GE Vernova GEV.N and power producers Constellation Energy CEG.O and Vistra VST.N decline between 2.5% and 3.5% 

 (Reporting by Jayasree Prabhu)
 ((Jayasree.prabhu@thomsonreuters.com))