AI stocks tumble as Democrats win midterms, raising crackdown fears
Briefing by News4U · First published
Wall Street’s AI-linked shares plunged after Democrats won the US midterms, with the Nasdaq falling 5.5 percent and Nvidia dropping 9.3 percent. The S&P 500 fell 4.4 percent and the Dow fell 3.4 percent, while Advanced Micro Devices tumbled 17.3 percent. [1] [2]
Sources
- Brutal sell-off for AI stocks sends Wall St reeling
RTHK Finance · · Excerpt
- Fears about an AI crackdown after midterms sparks a $2 trillion rout in tech stocks
NPR Business · · Excerpt