Investors are closely watching state and local elections across key battlegrounds, fearing potential pushback against the massive AI infrastructure build-out. The outcome of these races could directly impact regulatory environments for data centers, energy usage, and zoning, creating uncertainty for the high-flying AI trade.
Meanwhile, in the private markets, institutional investors are urging caution regarding Anthropic's upcoming IPO. Following a recent selloff in tech stocks, these players are pushing for a valuation closer to $1.5 trillion, rather than the higher figures previously discussed. They seek a more grounded price point to mitigate risk in a volatile market.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing