The US stock market lost $450,000,000,000 at the market open.
Due to doubts about the returns on AI investments and the risk of strict oversight of data centers following the Democrats’ victory.
– Investors are increasingly doubtful that massive capital expenditures on AI infrastructure will generate sufficient returns.
– Democratic control of Congress could lead to stricter oversight of the data center industry and slow construction. UBS estimates that around 30% of the expected additions to US data center capacity in 2028 could be at risk due to possible construction halts.
Continue reading this article on source: thestar.com.my