theDurga
Nov 5, 6:31 AM
$QQQ $CRWV $GEV $DRAM $SOXX
AI and data centers are very unpopular and probably the reason the GOP lost many seats. Texas, for example: gas was only
$3.60. still flipped democrat.
NBC exit polls were revealing;
*AI/DCs: ~56% considered them a crucial/major factor in their congressional votes.
*opposed a DC in their community: ~ 75%
*iran war & immigration ~ 75%
*cost of living ~ 90%
moral of the story? the cost of DC builds just got bumped up. even when demand remains high, logic follows that the expected returns are under pressure. even permitted projects aren't insulated from delays.
market repriced the chain
1) neoclouds (crwv, nbis, et al)
2) memory (mu, sk)
3) power and construction/ equipment suppliers (gev, vst)
4) semis (eventually)
the sell-off looks overdone, but i don't think this is just another dip. the economics of the trade have changed.
looking forward to a bounce on my way out.
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