Investing.com - 民主党在美国中期选举中大获全胜，引发人工智能数据中心类股票遭到抛售。投资者正准备迎接更严格的监管审查、科技税收优惠可能被削减以及反垄断审查力度加大，这些因素可能放缓AI基础设施的快速扩张。
Investing.com - Democrats swept the U.S. midterm elections, sparking a selloff in artificial intelligence data center stocks. Investors are bracing for tighter regulatory oversight, potential rollbacks of tech tax incentives, and heightened antitrust scrutiny, which could slow down the rapid expansion of AI infrastructure.
Evercore ISI分析师阿米特·达里亚纳尼领衔的团队在报告中表示：“假设数据中心开发环境变得更加严格，这可能对AI基础设施相关个股产生更多负面情绪。”
"Assuming a more restrictive data center development environment, this could create incrementally more negative sentiment for AI infrastructure exposed names," Evercore ISI analysts led by Amit Daryanani said in a note.
多位当选州长的民主党人已讨论过支持加强AI监管。对政策最敏感的股票中，CoreWeave跌幅最大，此前在周二中期选举中民主党横扫国会两院，新云（neocloud）类股票承压最重。CoreWeave盘前一度下跌3.2%。Applied Digital下跌3%，Nebius下跌1.3%。
Several democratic governor-elects have already discussed support for increased AI regulation. Most-sensitive stocks, namely CoreWeave, fell as neocloud stocks bore the sharpest losses following a Democratic sweep of both chambers of Congress in Tuesday’s midterm elections. CoreWeave fell as much as 3.2% in premarket trading. Applied Digital fell 3%, while Nebius dropped 1.3%.
达里亚纳尼补充道：“我们认为最初的反应将是抛售AI相关股票，但问题在于这对基本面有多大改变，以及其他因素（通胀、收益率）是否会随着时间推移形成对冲。”
"We think the initial reaction will be to sell AI names though the question will be how much does this alter fundamentals and will other factors (inflation, yields) become offsets over time," Daryanani added.
甲骨文（Oracle）近几个交易日完成了200亿美元的股票与债券组合发行定价，股价下跌约1.2%，回吐了周二5.85%涨幅的一部分。
Oracle, which priced a combined $20 billion stock and debt offering in recent sessions, was down about 1.2%, reversing part of Tuesday’s 5.85% gain.
民主党在参议院和众议院均赢得多数席位，翻转了包括得克萨斯州和堪萨斯州在内的传统共和党倾向州，这可能在特朗普总统剩余任期内引发立法层面的摩擦。
Democrats captured majorities in both the Senate and House, flipping traditionally Republican-leaning states including Texas and Kansas, setting up potential legislative friction for the remainder of President Trump’s term.
这一政治转向在原本已在积聚的结构性逆风之上，又增添了联邦监管层面的不确定性：据Data Center Watch数据，2026年第二季度，至少有45个数据中心项目（总价值680亿美元）因地方反对而受阻。
The political shift injected a federal regulatory dimension on top of structural headwinds that were already building: in Q2 2026, at least 45 data center projects worth $68 billion were disrupted by local opposition, according to Data Center Watch.
得克萨斯州和佐治亚州合计约占全部AI数据中心支出和项目的三分之一，两州均在州长层面由民主党获胜。
Texas and Georgia, which together account for roughly a third of all AI data center spending and projects, both saw Democratic wins at the governor level.
在周二投票之前，更广泛的人工智能板块已经持续走弱。高盛广泛人工智能一篮子指数在10月下跌了15%，截至周三交易时段前已较峰值下跌超过24%。
The broader AI basket had already been deteriorating before Tuesday’s vote. The Goldman Sachs Broad AI basket fell 15% in October and had declined more than 24% from its peak heading into Wednesday’s session.
任何民主党立法仍需总统特朗普签署才能成为法律，分析人士指出，这一制约限制了近期的立法风险。然而，这一限制并不能完全抵消行政部门的监管行动，也无法消除不确定性本身对资本配置可能产生的寒蝉效应。
Any Democratic legislation would still require President Trump’s signature to become law, a check that analysts note limits the near-term legislative risk. That constraint, however, does not fully neutralize executive branch regulatory action or the chilling effect on capital allocation that uncertainty alone can produce.