Saxo Bank chief investment strategist Charu Chanana said markets should not read recent moves as Democrats trying to end the AI boom. Both parties still prioritize keeping AI leadership amid intense competition, but political backing for leadership is not the same as permitting unchecked, cost-insensitive or schedule-agnostic infrastructure build-out. The sell-off contains panic-driven elements and has been amplified by investor positioning; simultaneous unwinds can create a self-reinforcing loo

Saxo Bank chief investment strategist Charu Chanana said markets should not read recent moves as Democrats trying to end the AI boom. Both parties still prioritize keeping AI leadership amid intense competition, but political backing for leadership is not the same as permitting unchecked, cost-insensitive or schedule-agnostic infrastructure build-out. The sell-off contains panic-driven elements and has been amplified by investor positioning; simultaneous unwinds can create a self-reinforcing loop, particularly where leverage and forced liquidations are involved.