US Midterm Voters Reject Data Center Expansion in 40 of 41 Local Ballots

Cointime reports: Voters in the US midterm elections rejected data center construction in 40 of 41 local referendums on restricting such projects. Microsoft (MSFT.O) and Amazon (AMZN.O) fell about 2.5% and 1.5% respectively, outperforming AI cloud companies, data center equipment makers and power suppliers. Markets see a construction slowdown easing capex pressure and improving free cash flow.