Trump-linked crypto assets slip up to 16%, AI data centre stocks slide after Democrats' US midterm win

The Economic Times · Surbhi Khanna · 2026-11-05 08:34 UTC

Trump-linked cryptocurrencies tumbled up to 16%, while shares of Bitcoin miners transitioning into AI data centre businesses slumped as Democrats' strong midterm performance rattled investor sentiment. Concerns over tighter regulations, potential construction delays in Texas and rising financing costs weighed on companies betting on the AI infrastructure boom.

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