Shares of IT services companies are trading lower amid a broad selloff in technology stocks as investors reassess the outlook for AI-related spending following Democrats’ midterm election gains. Concerns that tighter oversight and local opposition could slow data center construction are weighing on sentiment across the technology sector.

Shares of IT services companies are trading lower amid a broad selloff in technology stocks as investors reassess the outlook for AI-related spending following Democrats’ midterm election gains. Concerns that tighter oversight and local opposition could slow data center construction are weighing on sentiment across the technology sector.