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AI Stocks Fall as Texas Election Raises Fears Over Data Center Projects
AI stocks fell overnight after Democrat Gina Hinojosa won the Texas governor's race. She supports limits on new AI data centers, raising fears that some projects may be delayed or cost more. Texas is home to 27% of planned US data centers. Meanwhile, Micron and SanDisk shares moved higher. After-Hours CoreWeave, SpaceX, and Oracle shares experienced significant declines.