Tickers
AI infrastructure stocks fell sharply Thursday after voters rejected data centers in 40 of 41 local ballot measures, with Nebius Group (NBIS) down 13.94% at $121.79 as of 11:25 AM ET. SpaceX and CoreWeave also declined, while Elon Musk said “data centers in space are looking pretty appealing right now.” The ballot results raise concerns about local approval for AI infrastructure buildouts.
AI Infrastructure Stocks Fall After Voters Reject Data Centers in 40 of 41 Local Ballot Measures
Three AI infrastructure stocks fell sharply Thursday morning after voters sided against data centers in 40 of 41 local ballot measures, according to a 247wallst.com report published November 5.
Nebius Leads Declines
As of 11:25 AM ET on November 5, Nebius Group (NASDAQ:NBIS) traded at $121.79, down 13.94%, the report said.
SpaceX and CoreWeave also declined, according to the report.
Musk Comments on Space Data Centers
Elon Musk said “data centers in space are looking pretty appealing right now,” according to the report’s headline.
Ballot Results Raise Approval Concerns
The ballot results raise concerns about local approval for AI infrastructure buildouts, per the report’s framing.