Wall Street peers into abyss of AI trade as midterms expose risk

Written on 07/11/2026
Jeran Wittenstein and Ryan Vlastelica, Bloomberg

For months, investors have been worrying about a long list of risks to the gravy train of artificial intelligence spending. This week, they hit the panic button. Fears of the worst-case scenario for the AI trade kicked in after the US midterm elections on Tuesday, in which Democrats secured majorities in the Senate and House
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