alt Hacker NewsBeware any simple narrative for the decline of a massively complex market.
Did the election matter at all for this trade? This trade has been in the works for the last 2-3 years. This correction is required to bring down inflation - and we're already seeing T-notes dropping lower which will decrease mortgage costs in the near term and allow for more liquidity for consumers for home equity loans.
I don't understand why folks continue to click-through and "buy" these overly simplistic narratives from news outlets.
The thing you're missing is that the political expenditure of AI in the US is massively tied with the GOP and the far right. There's a reason why people like Elon Musk have been absolutely freaking out over the result.
This result means that unlimited data center expansion may not be on the table, and bailouts certainly aren't either. So with the leaders crashing out the uncertainty of AI expansion is now being properly priced into the stock.