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This one governor’s race could derail the AI trade that’s powered the stock market

This one governor’s race could derail the AI trade that’s powered the stock market

marketwatch.com 15.10.2026 21:00 6 views
Here’s the Nov. 3 contest that “presents the biggest election-specific risk,” analysts say.

Here’s the Nov. 3 contest that ‘presents the biggest election-specific risk,’ analysts say Texas Democratic gubernatorial candidate Gina Hinojosa speaks during a campaign event on Thursday in Austin. She invited her opponent, Republican Gov. Greg Abbott, to debate, but the incumbent did not show up.

President Trump’s embrace of artificial intelligence and data centers means that even if Democrats win both the U.S. House of Representatives and the Senate in next month’s midterm elections, he’s likely to veto any Democratic bills that crack down on the AI industry and the facilities that it needs. So analysts at Evercore ISI are flagging a gubernatorial race as the most crucial contest for anyone watching for possible policy headwinds for AI and data centers.

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