Nasdaq suffers worst day in 18 months as investors fear an AI slowdown after Democratic election gains
The Nasdaq fell 5.5% in its biggest one-day decline in 18 months as concerns about tougher regulation of artificial intelligence data centers grew after the US midterm election results. More than $2 trillion was wiped from the index’s value, sending it into correction territory.Markets reacted to the US midterm election results by raising concerns that the artificial intelligence industry and data-center construction could face tougher scrutiny. The tech-heavy Nasdaq Composite fell 5.5%, its biggest one-day decline in 18 months and its sharpest fall since April 2025. The index entered correction territory, more than 10% below its recent record high, while over $2 trillion was erased from its value by the close.
theguardian.com (English) ↗+ Save