Wall Street stocks closed mixed as investors awaited Nvidia’s earnings and worried about potential delays in Federal Reserve interest rate cuts. Concerns over inflation and the valuation of AI stocks contributed to market fluctuations. The probability of a December rate cut has fallen below 50%.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays