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Tech Stocks Tumble as US Midterms Ignite AI Slowdown Fears

Tech Stocks Tumble as US Midterms Ignite AI Slowdown Fears

Global tech stocks plunge as US midterms add to AI slowdown fears
Global tech stocks plunge as US midterms add to AI slowdown fears

Investors have reacted to possible tougher scrutiny of data centre construction and the AI industry.

Nasdaq sees worst day in 18 months as investors bet on AI slowdown after Democrats’ election triumph
Nasdaq sees worst day in 18 months as investors bet on AI slowdown after Democrats’ election triumph

Nearly $2tn shaved off Nasdaq value as worries of curbs to AI datacenters ripple across boursesThe Nasdaq share index had its worst day in 18 months after slumping 5.5% on Thursday amid growing...

Nasdaq plunges into correction territory as Dem wins threaten data centers — and AI giants rush to stem fallout
Nasdaq plunges into correction territory as Dem wins threaten data centers — and AI giants rush to stem fallout

The Nasdaq plunged 5.1% Thursday, entering into correction territory, as investors and industry leaders braced for a data-center reckoning in the wake of Democrats’ midterms sweep – fearful the...

Nasdaq set to confirm correction as AI spending worries mount
Nasdaq set to confirm correction as AI spending worries mount

The Nasdaq slid more than 10% from its ​record close on Thursday, on track to confirm a correction as ‌worries over massive AI spending and heightened scrutiny of data-center expansion rattled...

Semiconductor Stocks Plunge as AI Trade Weakens After US Election Results
Semiconductor Stocks Plunge as AI Trade Weakens After US Election Results

Shares of semiconductor stocks plunged on Thursday, extending a recent selloff as investors turn skeptical on the artificial intelligence trade after the Democrats dominated the midterm elections.

Stocks plunge as election outcome and AI worries crush tech shares
Stocks plunge as election outcome and AI worries crush tech shares

Shares in technology companies plunged, compounding declines and sparking concerns about the durability of artificial intelligence boom.

Semiconductor ETF Drops Over 3% as Chipmakers Extend Losses in US Futures
Semiconductor ETF Drops Over 3% as Chipmakers Extend Losses in US Futures

Technology stocks plummeted on Thursday as traders assessed the implication of a Democratic sweep in the US midterm elections on cloud data centers.

Instant View: Tech-stock rout accelerates retreat from the AI trade
Instant View: Tech-stock rout accelerates retreat from the AI trade

Tech stocks were headed for their worst decline since June on Thursday, with the semiconductor index briefly falling by double digits in the latest autumn reckoning for the AI sector.

Wall Street’s best post-midterm rally in 44 years lasted just one day—then $3 trillion vanished as chip stocks plunged over AI fears
Wall Street’s best post-midterm rally in 44 years lasted just one day—then $3 trillion vanished as chip stocks plunged over AI fears

Chip and AI stocks led a delayed selloff on fears new Democratic governors will pause data centers. Analysts split on how long.

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