Home / News / Steve Weiss Says the Midterms Just Put a Lid on AI Spending. Here’s Who Could Get Hurt

Steve Weiss Says the Midterms Just Put a Lid on AI Spending. Here’s Who Could Get Hurt

Chipmakers barely flinched when Democrats swept the midterms, but two stocks tied to AI data centers got hammered. A Texas permit freeze could explain the split, and it may reach your 401(k) even if you never bought an AI stock.

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Stocks· November 05, 2026 at 12:09 AM
Authored by·Editorially reviewed
Onur Erkan Yıldız
Founder, Financial Engineer · CMB-licensed
NeutralMedium impact

AI summary

Chipmakers barely flinched when Democrats swept the midterms, but two stocks tied to AI data centers got hammered. A Texas permit freeze could explain the split, and it may reach your 401(k) even if you never bought an AI stock.

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AI commentary is generated from public news feeds and is not investment advice.

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