Morningstar

Data-Center Stocks Continue to Fall After Democrats Win Congress

Provided by Dow Jones Nov 5, 2026, 2:58:00 PM

By Connor Hart

Cloud-infrastructure and artificial-intelligence stocks continued to fall, two days after a historic midterm defeat for Republicans.

The election results heightened concerns surrounding potential grid interconnection delays, stricter environmental reviews, and local moratoriums on high-density power and water usage in key hubs like Texas.

In short: Building data centers is "going to be harder," Meta Platforms President Dina Powell McCormick said Wednesday at the WSJ Tech conference.

Shares of CoreWeave, the Nvidia-backed compute provider, fell 4.1% to $46.46 shortly after Thursday's opening bell.

Applied Digital, Core Scientific, IREN, Hut 8 and Nebius Group were all trading lower as well, with declines ranging from 2.8% to 7.1%.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 05, 2026 09:58 ET (14:58 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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