UBS: Expectations for the Democratic blue wave are rising, and investment resistance in AI and data centers may increase

UBS stated that the market is currently exhibiting risk-averse sentiment, responding to the rising possibility of a "blue wave" from the Democrats.

UBS noted that this means resistance around investments in artificial intelligence and data centers may increase, while political deadlock and negotiations and bargaining among various parties regarding the debt ceiling and fiscal policy issues may also intensify.