Börse: KI-Aktien leiden nach US-Kongresswahl - Dax kurz vor Rekord

The DAX stock index in Frankfurt is on the verge of a record high, but there are concerns dampening the enthusiasm for tech and AI stocks. The surge in Democratic victory in the US mid-term elections has investors worried that future regulation and oversight of the AI sector could lead to a slowdown in spending. Major tech companies such as Sandisk, Marvell Technology, and Micron saw their shares plummet by up to five percent, while Nvidia's stocks dipped by more than one percent.

Even SpaceX's stock prices took a hit due to the election results. In Germany, the DAX index rose significantly, gaining more than 2.4 percent as investors hoped for a change in US policy. However, companies like Infineon, Hochtief, and Siemens Energy were among the biggest losers, losing up to five percent. The election results in the US saw the Democrats win control of both the House of Representatives and the Senate.

Investors fear that the Democrats' control over both chambers could lead to stricter regulation and increased scrutiny of the AI industry, which could slow down spending. Tech giants are bracing for more resistance to their massive AI data centers, especially as local residents may worry about rising energy and water costs. Even some Republicans have proposed moratoriums on new data center construction, particularly in states like Texas with Democratic governors.

While the risks are uneven across sectors, experts note that policy impacts could benefit the renewable energy sector.