{
  "id": 18261478,
  "title": "US midterm 'blue wave' puts pressure on memory chip demands",
  "url": "https://urgent.news/2026/11/05/us-midterm-blue-wave-puts-pressure-on-memory-chip-demands",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-05T06:22:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/business/tech-science/20261105/us-midterm-blue-wave-puts-pressure-on-memory-chip-demands"
  },
  "original_language": "en",
  "account": "The U.S. midterm elections resulted in Democrats gaining control of Congress, leading to expectations that the \"blue wave\" will alleviate pressure on memory chip prices and demands. This shift in political power may cause doubt regarding the ability of Samsung Electronics and SK hynix to maintain their impressive earnings streaks.\n\nIn the New York trading session that concluded on Wednesday, shares of CoreWeave and Nebius experienced significant declines, falling by 9.9 percent and 6.7 percent, respectively. Both companies are involved in providing artificial intelligence (AI) computing capacity on a rental basis.\n\nData center operators IREN and Hut 8 also suffered losses, with their stocks dropping by 11.2 percent and 23.2 percent, respectively. Memory chip and storage companies faced substantial setbacks as well. SK hynix's American depositary receipts decreased by 5.1 percent, while SanDisk experienced a 7.9 percent drop, Micron Technology fell by 7.0 percent, and Western Digital lost 6.8 percent.\n\nThe market reactions suggest that investors are concerned about potential regulatory changes and delays in project developments due to the election of Democratic governors in states like Texas, Ohio, and Georgia. These concerns may have contributed to the declines observed in memory chip and related companies.",
  "summary": "With the U.S. Democrats taking control of Congress in the midterm elections, the \"blue wave\" is expected to cool memory chip prices and demands, casting doubt on whether Samsung Electronics and SK hynix can sustain their record-breaking earnings streaks. In the New York trading session that ended Wednesday (local time), shares of CoreWeave and Nebius fell 9.9 percent and 6.7 percent,…",
  "key_points": [
    "Democrats gained control of Congress in U.S. midterm elections",
    "Blue wave expected to alleviate pressure on memory chip prices",
    "Shares of CoreWeave, Nebius, IREN, and Hut 8 declined significantly"
  ],
  "editors_take": "The shift in political power introduces regulatory uncertainty that threatens the profit margins of major memory chip manufacturers and the stability of AI computing infrastructure providers.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}