Post-midterm fallout: AI/data-center trade and chip selloff
After a Democratic midterm win, semis and memory names are selling off, data-center buildout faces political headwinds and AI capex-peak talk is growing, while rotation favors financials, discretionary and defensives like Lilly.
What we know
An account on X has SNDK -7% and MU -5%, and says the 'blue-wave chip purge' is in day two (link). Meta's president wants to meet a data-center-skeptic governor. Another account on X quotes a view that capex growth peaks in 2027. Caleb Franzen calls semis off limits below the 200-day MA. Ansem likes the take that capital rotates to Lilly. Tesla/SpaceX lost $130B.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.