According to CoinMeta, Fitch Ratings indicates that the Democratic Party's victory in the mid-term elections will have varying impacts on the credit of U.S. companies, with cash flows in most industries expected to remain stable. Key regions for data center construction, such as Texas, Georgia, and Ohio, may tighten approval processes and increase construction costs, which could slow down AI infrastructure investment. This further supports the view that AI capital expenditures may peak in 2027. In the long term, a slowdown in construction could help mitigate the risk of overcapacity. In the energy sector, the oil and gas industry may face stricter drilling and environmental regulations, while power and industrial companies could be affected by slower demand for data centers. However, grid upgrades and infrastructure investments still provide support. There are limited short-term policy changes in the healthcare industry, and the defense sector benefits from record backlogs of orders and bipartisan support, so no major policy adjustments are expected.