Scott Rubner of Castle Securities said that once the critical US midterm elections are over, investors are expected to once again pour into artificial intelligence-themed deals next month. Rubner, head of stock and derivatives strategy at Castle Securities, said in an interview on Tuesday, “Everyone sees the midterm elections as an event risk clearing point. Specifically, I think AI will be able to outperform again at that time.” “The feedback we have received from our customers is, 'It's OK to buy again at a higher price, but now they don't want to buy before major political events',” he added. The midterm election results will make the future of AI regulation and other industry policies brighter. If the Democratic Party gains control of both houses of Congress, Wall Street strategists expect stricter regulations, which may lead to further sell-off of semiconductor stocks.

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