Nasdaq Falls Into Correction as AI and Election Risks WeighVoters’ Data-Center Rebuke Puts AI Boom Under ScrutinyMidterm Results Add Political Risk to AI-Fueled Market Sell-Off
U.S. technology shares tumbled on November 5, pushing the Nasdaq Composite more than 10% below its October record as investors weighed AI investment returns and Democrats’ midterm victories.Technology shares sank on November 5 as investors assessed Democrats’ midterm victories and pledges to curb data-center construction, alongside doubts about returns on AI investments.U.S. technology stocks plunged on November 5 as investors weighed Democrats’ midterm victories and their pledges to restrict data-center construction against growing doubts about AI investment returns.