Nasdaq suffers worst day in 18 months as AI regulation fears spread after US midterms
The Nasdaq Composite fell 5.5% to enter correction territory after the US midterm results fueled concerns that the artificial intelligence industry and data-centre construction could face tougher regulation, wiping nearly $2tn from the index’s value.Concerns that the artificial intelligence industry and data-centre construction could face tougher scrutiny after the US midterm election results spread through markets. The Nasdaq Composite fell 5.5%, its worst daily performance in 18 months, and entered correction territory after dropping more than 10% from its recent record high. Nearly $2tn was erased from its value by the close of trading, according to the supplied report.
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