The Zhitong Finance App learned that on Thursday, memory chip concept stocks generally fell before the market, with SanDisk (SNDK.US) and SK Hynix (SKHY.US) falling more than 6%, Western Digital (WDC.US), Micron (MU.US), and Seagate (STX.US) falling more than 5%, and Nvidia (NVDA.US) falling more than 1%.

Market analysts said that the Democratic Party's takeover of congressional control has eliminated some political uncertainty, but has also prompted investors to re-evaluate the pace of approval and policy restrictions related to data center construction, with the semiconductor and server supply chains bearing the brunt of the impact.

Lee Jaewon, a researcher at Yuanta Securities, said that restrictions on approval in key data center construction areas such as Texas, compounded by rising power grid access costs, may delay AI capital expenditure, thereby suppressing demand for memory chips and lowering product prices.

Eugene Investment Securities analyst Xu Zaihuan said that the approval of the Texas project will be the core observation window for follow-up, and any policy changes before the regulatory rules are implemented will increase sector fluctuations.

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