Nasdaq suffers worst day in 18 months as AI regulation fears follow US midterms
The Nasdaq composite fell 5.5% in its biggest one-day decline in 18 months as concerns grew that the US midterm election results could bring tougher regulation of artificial intelligence and data centres, cutting nearly $2tn from the index’s value.Concerns about tougher scrutiny of the artificial intelligence industry and data-centre construction grew after the US midterm election results. The Nasdaq composite fell 5.5%, its biggest one-day decline in 18 months. The index entered correction territory after falling more than 10% from its recent record high, while nearly $2tn was erased from its value by the end of trading.
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