Shares of semiconductor and chip companies are trading lower following midterm election results that saw Democrats win majorities in both chambers of Congress and flip the Texas governor's office and state House. The results are raising uncertainty around policies affecting AI infrastructure investment, potentially putting hyperscaler projects, equipment backlogs and margin outlooks at risk.

Shares of semiconductor and chip companies are trading lower following midterm election results that saw Democrats win majorities in both chambers of Congress and flip the Texas governor's office and state House. The results are raising uncertainty around policies affecting AI infrastructure investment, potentially putting hyperscaler projects, equipment backlogs and margin outlooks at risk.