The thing you're missing is that the political expenditure of AI in the US is massively tied with the GOP and the right. There's a reason why people like Elon Musk have been absolutely freaking out over the result.

This result means that unlimited data center expansion may not be on the table, and bailouts certainly aren't either. So with the leaders crashing out the uncertainty of AI expansion is now being properly priced into the stock.

[delayed]