[Another Upset! Democrat Wins Texas Governing Election] BlockBeats reports on November 4th, citing CNN, that Democratic candidate Hinojosa is expected to win the Texas gubernatorial election, becoming the first Democrat to be elected governor of the state since 1990. BlockBeats previously reported that CNBC, citing analysts, indicated that the most worrying scenario for the market was "Talarico winning the Senate while Hinojosa defeats Abbott to win the governorship"—a combination that would significantly amplify the negative implications for AI deals. While incumbent Republican Governor Abbott suspended data center licenses in September, analysts generally expect him to lift the ban if re-elected, while Hinojosa is expected to maintain or even strengthen the restrictions. Wells Fargo estimates that approximately 27% of the nation's AI data center gigawatt capacity is concentrated in Texas. Texas, with its relaxed regulatory environment, ample energy, and tax incentives, has become a core destination for the expansion of AI infrastructure. If Texas reverses its policy stance, the symbolic impact and the actual capital expenditure shock will extend beyond state borders.