Nasdaq Falls 5.5% as AI Rout Hits Stock Markets
The Nasdaq fell 5.5% on Thursday as investors feared a Democratic midterm sweep could bring regulation and slow the AI boom.
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…