(Yesterday 03:53 PM)Eagleaidaholic Wrote:  I'm sure the Stock Market crash has nothing to with the Democrats coming out today saying they are going to go after the heads of corporations. Don't forget they are Marxists.
A few examples:
Going after JPMorganChase
Going after AI

Quote:But beyond the political sparring, some of the country’s richest investors were focused on a potentially bigger consequence of the Democratic sweep: the future of the AI boom.

Even before polls closed Tuesday, Pershing Square founder Bill Ackman warned on CNBC’s “Squawk on the Street” that slowing AI development could jeopardize America’s technological edge. “Practically speaking, we can’t slow down,” he said.

As results rolled in Tuesday night, billionaire investor Chamath Palihapitiya sounded an even starker warning.

Palihapitiya initially questioned whether the early results would hold, but warned that if they did, the implications for the AI trade could be severe.

“And the only way to sink the AI trade is to sink the data centers,” Palihapitiya said during an election night livestream of the “All-In” podcast.

Texas offered an early test of those fears. Democratic Gov.-elect Gina Hinojosa, who has proposed a moratorium on new data center construction until stronger safeguards are established, defeated three-term Republican incumbent Greg Abbott.

During the same livestream, Altimeter Capital CEO Brad Gerstner warned the Democratic wave could mean at least 10 to 15 gigawatts of expected AI data center capacity would not come online in 2027. Wall Street analyst Dan Ives estimated Wednesday that 10% of planned U.S. data centers would no longer go ahead.