Nasdaq suffers worst day in 18 months as AI regulation fears follow US midterms
The Nasdaq Composite fell 5.5%, its worst daily performance in 18 months, as concerns about tougher regulation of AI data centers emerged after the US midterm elections and erased about $2tn in market value.Investors reacted to the possibility of tougher scrutiny of the artificial intelligence industry and data-center construction after the US midterm election results. The Nasdaq Composite fell 5.5%, its worst daily decline in 18 months, and moved into correction territory after dropping more than 10% from its recent record high. About $2tn was erased from its value by the end of trading.
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