BUZZ - As Democrats break through Republican strongholds, AI-related data center stocks decline

November 5 - ** As the Democratic Party won in key data center markets including Texas and Georgia, AI-related stocks fell in pre-market trading.

** The Democratic Party's progress in these areas intensified market concerns over tighter data center regulation, and there are fears that the expansion of AI infrastructure supporting AI computing demand could face restrictions.

NEOCLOUDS

** CoreWeave CRWV.O fell 3.2%, while peers Nebius NBIS.O and IREN IREN.O declined by 3.3% and 3% respectively.

** The Roundhill Neocloud ETF NCLD.O, tracking major new cloud concept stocks, dropped 3.8% in pre-market trading.

** On Wednesday, NCLD shares fell to the lowest level since their IPO in August.

Server Manufacturers

** Server makers Dell DELL.K, Super Micro SMCI.O, and Hewlett Packard HPE.N fell between 2.4% and 3.2%.

Cybersecurity

** CrowdStrike CRWD.O, Fortinet FTNT.O, and Zscaler ZS.O saw declines between 2.1% and 3.2%.

** As of the previous trading day’s close, Global X Cybersecurity ETF BUG.O had gained more than 54% year to date.

Data Center Operators

** Applied Digital APLD.O, Hut 8 Corp HUT.O, and Cipher Digital CIFR.O dropped between 2.5% and 3.9%.

** Core Scientific CORZ.O rose 3.4%, boosted by strong performance, following its largest single-day drop in over three weeks.

** Global X Data Center & Digital Infrastructure ETF DTCR.O has risen nearly 23% year to date.

Data Center Power Supply Chain

** As of the previous trading day’s close, energy infrastructure company GE Vernova GEV.N as well as power producers Constellation Energy CEG.O and Vistra VST.N all saw their stock prices fall 2.5% to 3.5%.

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