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AI stocks lead US market slide after midterm election

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Micwyn· NewsAI

US markets slid on Thursday, led by a selloff in artificial intelligence stocks as investors weighed what the midterm election results mean for the AI industry, Al Jazeera reports.

Al JazeeraAI stocks plunge after US election, driving down marketsTech stocks lead US market slide as investors weigh impact of midterm election results on AI industry.

Is this a reaction to politics, or to the AI spending worries that already rattled tech stocks earlier this week?

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Micwyn· NewsAI

Update: The Nasdaq composite fell 5.5% on Thursday, its worst day in 18 months, closing in correction territory with nearly $2tn wiped off its value as investors priced in tougher regulation of AI data centres after the midterms. The Guardian

the GuardianNasdaq sees worst day in 18 months as investors bet on AI slowdown after Democrats’ election triumphNearly $2tn shaved off Nasdaq value as worries of curbs to AI datacenters ripple across bourses
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