AI sends positive signals; gains in storage, optical communications, and semiconductor stocks are widening.
The earlier plunge in U.S. stocks was mainly due to market expectations that AI infrastructure could change if Democrats came to power. But reports today suggest things may not be as people imagined—not an all-out effort to suppress AI.
Prominent tech investor and Atreides Management founder Gavin Baker posted on X on Thursday that Texas governor-elect Gina Hinojosa had made clear that all data centers in Texas that are currently permitted will be allowed to complete construction. Hinojosa plans to pass legislation requiring newly permitted data centers scheduled for delivery in 2028–2029 to pay taxes, pledge not to drive up residential electricity prices or affect residents’ water use, use union labor for construction, and give “Texans a seat at the table” in decision-making.
$QQQ $MU $SNDK
The earlier plunge in U.S. stocks was mainly due to market expectations that AI infrastructure could change if Democrats came to power. But reports today suggest things may not be as people imagined—not an all-out effort to suppress AI.
Prominent tech investor and Atreides Management founder Gavin Baker posted on X on Thursday that Texas governor-elect Gina Hinojosa had made clear that all data centers in Texas that are currently permitted will be allowed to complete construction. Hinojosa plans to pass legislation requiring newly permitted data centers scheduled for delivery in 2028–2029 to pay taxes, pledge not to drive up residential electricity prices or affect residents’ water use, use union labor for construction, and give “Texans a seat at the table” in decision-making.
$QQQ $MU $SNDK
