Data Center Policy Fears Hit AI Stocks After Hinojosa’s Texas Win

Democrat Gina Hinojosa's projected win in the Texas governor race sparked declines in AI-related stocks and Nasdaq futures due to fears her proposed data center moratorium could delay projects. Texas accounts for a significant share of planned U.S. data-center capacity, intensifying investor concerns. Companies like CoreWeave, SpaceX, Nebius Group, and Oracle saw notable stock drops following the election results.