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Texas governor race could impact AI stocks amid concerns over data-center spending peak

Market News
03 Nov 2026, 17:44 WIB
Market Watch
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Bearish
Texas governor race could impact AI stocks amid concerns over data-center spending peak

The Texas governor's race is drawing attention from AI investors as Democrat Gina Hinojosa challenges Republican Gov. Greg Abbott. Analysts warn that a Hinojosa win could trigger a sell-off in AI-related stocks, including semiconductor shares, as the sector faces uncertainty over whether data-center spending has peaked. This election comes at a critical time for the AI trade, with recent struggles in semiconductor stocks reflecting investor caution. The outcome could influence the direction of AI investments in the U.S. equity market.

The Texas governor's race is a current political event. For readers following the Technology sector, here is Pluang's market snapshot as of Nov 03, 2026 22:32 WIB: out of 150 priced US Technology stocks, 84 rose and 66 fell. Notable movers include SHOP at USD 141.02 with a 1-day change of -9.73% and Pluang order activity of 99% Sell, AXTI at USD 52.75 up 9.44%, and IREN at USD 24.03 up 9.13%.

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