Nasdaq falls over 5% on AI regulation concerns after midterm elections
Summary of 2 reports
The Nasdaq index slumped more than 5% on Thursday, marking its worst day in 18 months, as investors reassessed artificial intelligence-related investments amid growing expectations of tougher industry regulation following this week's midterm elections. Major technology stocks including Nvidia and AMD experienced significant losses. The selloff wiped approximately $2.5 trillion from market value and raised concerns about potential political scrutiny of AI data center construction.
Full coverage
Nasdaq heading for worst day in 18 months as Wall Street sustains widespread losses (opens The Guardian in a new tab)
Share index slumps 5% amid signs AI industry will face tougher regulation after Democrats’ midterm elections success The tech-heavy US Nasdaq share index is on track for its worst day in 18 months after slumping by up to 5% on Thursday amid growing signs that…
Wall Street bloodbath: $2.5 trillion wiped out as Nasdaq suffers worst crash in 18 months (opens Times of India in a new tab)
Wall Street faced a dramatic selloff with technology stocks plummeting due to growing concerns about artificial intelligence spending. Investors reevaluated popular AI-related trades after midterm election results suggested potential tougher scrutiny in the…
As $2.5tn wiped off Nasdaq, Nvidia and other tech stocks suffer steep losses (opens Times of India in a new tab)
The Nasdaq 100 index experienced a sharp decline as Nvidia and other tech stocks faced heavy losses. Concerns grew over potential political opposition to AI data centre construction following the midterm elections. Major companies like AMD and Nvidia saw…
