XLK is trading at $169.03, with a -4.12% change, as investors weigh tighter AI and data-center oversight after the Democratic midterm sweep.
- Texas’s governor-elect campaigned on pausing new data-center approvals.
- Qualcomm slid after handset-chip sales missed estimates; other chip and AI-infrastructure shares also fell.
- At 9:55 a.m. EST, the Nasdaq was down 2.94% and the Dow was down 0.72%, indicating greater pressure on tech.