UBS: Rising expectations of a Democratic "blue wave" could increase resistance to investments in artificial intelligence and data centers.

November 4th, UBS stated: "The market is currently showing risk-averse sentiment, reacting to the rising possibility of a 'blue wave' by the Democratic Party. This means that resistance around AI and data center investments may increase, and at the same time, political deadlock and intensified negotiations and bargaining among parties on debt ceiling and fiscal policy issues are also likely."