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 infrastructure stocks fell after Democrats won, signaling investor doubts about near-term datacenter expansion.
Why it matters: Market expectations for AI capex growth are cooling, affecting startup funding and hardware demand timelines.
Figma reports Q3 revenue up 43% YoY
TL;DRFigma beat revenue estimates but missed margin targets, still stock fell.
Months-Old Chip Startup Tenspresso in Talks for $500 Million Valuation
TL;DRThree-month-old AI chip startup Tenspresso seeking $500M valuation with ex-Google engineers.
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