Stocks plunge after blue wave sparks AI data center concerns
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Read a transcript preview of “Stocks plunge after blue wave sparks AI data center concerns” from CBS News, uploaded on 2026-11-05.
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Language: English (original, YouTube automatic captions)
[0:00] Grady, pretty nauseous 24 hours for
[0:02] people checking their 401ks.
[0:04] >> Yes.
[0:05] >> What's going on here?
[0:06] >> Yeah, you know, this was really
[0:07] interesting. Yesterday, as you said, we
[0:09] had one of the best days and part of it
[0:11] was driven by the fact that there was
[0:13] certainty after those election results.
[0:15] The oil prices were coming down. There
[0:17] was a little bit of anxiety in some of
[0:19] the data center stocks because remember
[0:21] a lot of those states. They flipped to
[0:24] blue governors because there's a lot of
[0:26] backlash over data centers and not
[0:28] wanting that in my backyard. Well, those
[0:30] candidates were promising moratoriums or
[0:33] delays on data center buildouts. And now
[0:36] that anxiety has shifted to the rest of
[0:38] the AI trade. I'm talking big names that
[0:40] you know like Nvidia, Meta, these
[0:43] companies that are really betting on
[0:45] artificial intelligence. And why?
[0:47] Because if you slow down building out
[0:49] the infrastructure that makes everything
[0:51] else possible, investors are going,
[0:53] "Whoa, whoa, whoa, hold on. All these
[0:54] companies are spending all this money.
[0:55] When are they getting to profitability?"
[0:57] And that's why they're selling off right
[0:58] now.
[0:58] >> So, a lot of Republicans, even most
[1:00] Republicans, are also in favor of
[1:02] slowing down or restricting data centers
[1:04] in their area. So, one of the reads on
[1:06] yesterday's market rise was, "Oh, the
[1:09] Democrats and the Republicans are going
[1:11] to have split government. Nothing's
[1:12] going to get done. So, everything's
[1:14] going to just kind of continue as is."
[1:16] But now it's almost like, "Oh, wait.
[1:18] They're ki