Nasdaq Falls 5.5% as AI-Related Market Rout Hits Stocks
The Nasdaq fell 5.5% on Thursday. The report linked the broader selloff to investor fears of regulation and a slowdown in the AI boom after a Democratic sweep at the midterm elections.
Stock markets were tumbling as fear gripped investors that the Democratic sweep at the midterm elections would lead to regulation and a slowdown of the AI boom that has been propelling US growth and computer component supply chain stocks all over the world.The Nasdaq TVC:IXIC fell 5.5% on Thursday…