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

  1. Brutal sell-off for AI stocks sends Wall St reeling

    RTHK Finance · · Excerpt

  2. Fears about an AI crackdown after midterms sparks a $2 trillion rout in tech stocks

    NPR Business · · Excerpt

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