# Democratic Party Sweeps Congress; Nomura Says U.S. Data Center Expansion Will Stall

> Democratic Party wins Congress, slowing U.S. data centers to help Chinese AI firms.
- Title: Democratic Party Sweeps Congress; Nomura Says U.S. Data…
- Summary: Democratic Party wins Congress, slowing U.S. data centers to help Chinese AI firms. Democratic Party winning Congress slows U.S.
- Keywords: democratic party, us data centers, ai chips, hbm, nomura securities, morgan stanley, us congress, chinese ai economy, grid connection, clean energy procurement, east data west computing, cny 2 trillion
- Source: BigGo Finance — https://finance.biggo.com/news/1f0482be-9e6d-412f-ab4d-559435a3138f
- Author: BigGo Finance
- Published: 2026-11-08T18:15:25+00:00
- Read time: 1 min
- Topics: democratic party, us data centers, ai chips, hbm, nomura securities, morgan stanley, us congress, chinese ai economy, grid connection, clean energy procurement, east data west computing, cny 2 trillion
## Democratic Party Wins Congress
Democratic Party won both chambers of Congress in U.S. midterm elections.
## Market Reaction to Election
Nasdaq fell 5.5% in one day, Philadelphia Semiconductor Index dropped 15% over two days.
## Nomura's Contrarian View
Nomura Securities says Democratic control will slow U.S. data center expansion.
## Grid Upgrade Costs Impact
Developers struggle to pass grid costs to residents with new governors focusing on energy affordability.
## U.S. Data Center Timeline
Time from site selection to grid connection for data centers will be substantially extended.
## U.S. Data Center Scale
Over 4,500 data centers across 1,501 campuses in U.S. with 1,418 operational.
## Chip Premiums Ease for China
Chinese AI firms get cheaper access to GPUs and HBM modules as U.S. data center expansion slows.
## China's AI Data Network
China plans CNY 2 trillion investment in national AI data center network by 2028.
## Morgan Stanley's View
Morgan Stanley favors China's self-sufficiency theme over export-chain AI investments.
## Market Impact on Taiwan
Taiwanese manufacturers may see cost improvements as GPU and HBM spot premiums decline.
## Key takeaway

Democratic Party winning Congress slows U.S. data center expansion, easing pressure on Chinese AI companies to access advanced chips.