Data center shares fall as investors expect slower AI buildout
Data center shares fall as investors expect slower AI buildout after Democrats win Congress; Hut 8 drops 23%, IREN 11%, Core Scientific 10%, Applied Digital 7%
TL;DRAI data center stocks tumbled as investors bet Democrats will slow infrastructure spending.
Why it matters: Market expectations around AI capex are shifting; this signals potential headwinds for the buildout race.
Figma reports Q3 revenue up 43% YoY
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DeepMind's drug lab just raised a monster round
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