# Data center stocks slide on expectations of slower AI construction

_Published Wednesday, November 4, 2026 at 7:12 PM EST · Products, Infrastructure · Latest · Tier 2 — Notable_

Data center shares fell Wednesday as investors anticipated slower AI construction after Democrats won Congress, Reuters reported. Hut 8 dropped 23%, IREN 11%, Core Scientific 10% and Applied Digital 7%. The losses contrasted with a sharply higher Wall Street close as the election result eased political uncertainty.

## Sources

- [Techmeme](https://www.techmeme.com/261104/p55#a261104p55)

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Canonical: https://techandbusiness.org/newswire/9xJp2o2K8Gva8zLb6iA0RX
Published: 2026-11-05T00:12:54.401Z
Story chronology: 2026-11-04T23:30:01.000Z
Retrieved: 2026-11-05T02:55:16.027Z
Publisher: Tech & Business (techandbusiness.org)