Investing.com -- 民主党在周二的中期选举中赢得参众两院控制权，分析师称，这一结果可能给人工智能（AI）和数据中心带来政策风险，尽管分裂政府在短期内应能限制重大变化。
Investing.com -- Democrats won control of both chambers of Congress in Tuesday’s midterm elections, and analysts said the result could add policy risk for AI and data centers, though gridlock should limit major changes in the near term.
RBC Capital Markets 美国股票策略主管 Lori Calvasina 表示，选举结果可能比大多数股票投资者预期的更为重要。
RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, said the results were likely more significant than most equity investors had expected.
Calvasina 写道：“总体而言，期货市场的价格走势对我们而言，更多反映了 AI/大盘成长主题持续去风险化，而非纯粹的避险举动，鉴于罗素 2000 指数期货表现出的韧性。”
“Overall, the price action in the futures market came across to us as more reflective of continued derisking in the AI / big cap growth theme than a pure risk-off move, given the resilience of the Russell 2000 futures,” Calvasina wrote.
她引用 NBC News 的出口民调称，76% 的选民反对在其社区建设新的数据中心。
She cited an NBC News exit poll showing that 76% of voters opposed building a new data center in their community.
美国银行表示，分裂政府仍为其基本情景，因为民主党缺乏足以推翻总统否决的参议院超级多数。不过，该行认为，关键数据中心市场的州和地方政府在短期内构成更大风险。
Bank of America said gridlock remains its base case, as Democrats lack a veto-proof Senate majority. However, the bank sees greater near-term risk from state and local governments in key data center markets.
美国银行经济学家 Stephen Juneau 表示：“我们不预期这些政策会使 AI 建设脱轨，但可能会使其变得更慢、更昂贵。”
“We do not expect these policies to derail the AI buildout, but they could make it slower and more expensive,” BofA economist Stephen Juneau said.
美国银行策略师预计，任何膝跳式的股票抛售将是暂时的，他们将美元下跌视为短期挫折而非转折点。
BofA’s strategists expect any knee-jerk equity sell-off to be temporary, and they view the dollar’s decline as a near-term setback rather than a turning point.
Capital Economics 称，结果在短期内改变不大，但民主党在通常由共和党把持的州赢得参议院席位，提高了其若赢得下届总统大选后通过增税和 AI 监管的几率。
Capital Economics said the result does not change much near term, but Democrats’ Senate gains in typically Republican states improve their chances of passing tax hikes and AI regulation if they win the next presidential election.
BMO Capital Markets 预计，结果将放大 AI 交易的波动性，但表示数据中心和再工业化带来的电力需求依然完好。
BMO Capital Markets expects the results to amplify volatility in the AI trade, though it said power demand from data centers and reindustrialization remains intact.
Mattioli Woods 的 Lauren Hyslop 表示，市场可能将结果视为一种约束来源。
Mattioli Woods’ Lauren Hyslop said markets may view the result as a source of discipline.
她说：“在投资者对赤字、通胀和资本成本变得更加敏感之际，更大政策约束的前景可能降低大规模财政或监管意外的可能性。”
“The prospect of greater policy constraint could reduce the likelihood of large fiscal or regulatory surprises at a time when investors are becoming more sensitive to deficits, inflation and the cost of capital,” she said.