Data center trade deep in the red
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The data center trade is experiencing a significant sell-off, with Goldman Sachs' AI data center shares down over 6%, marking the worst day since Trump's tariff announcement. Hardware makers like Sandisk, Western Digital, and Seagate, along with networking stocks Cisco and Arista Networks, are affected. Concerns over AI optimism and growing debts are contributing to the decline, impacting stocks related to the AI boom.
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