Storage and optical communications took the hardest hit: Seagate fell 8%, SanDisk and Micron around 7%, Western Digital nearly 7%, CoreWeave 9%, and the Philadelphia Semiconductor Index 3%. With Democrats winning both chambers, the market has started reassessing data center expansion, putting permits and community opposition on the table. Companies supplying computing equipment took the first hit. The Dow rose 1,500 points that day, while this sector didn’t even manage a rebound.