Opposition against artificial intelligence and the data centers needed to support AI operations is becoming an increasingly sensitive topic in the US election, so much so that Wall Street is also being forced to include this factor in stock market investment proposals. Bank of America strategists told clients last week that if the Republican Party performs strongly in the November midterm elections, US stocks will “soar.” The team led by Michael Hartnett is particularly concerned about whether Texas Governor Greg Abbott can be re-elected, and warned that if the Democratic Party controls the Senate and takes the position of Texas governor at the same time, the stock market may fall by more than 10% next year, reaching the definition of a technical correction. Evercore ISI and BCA Research have also previously warned that a populist backlash against AI could cause trouble for the stock market.

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