US Stocks Lose $3.2 Trillion as Democratic Midterm Sweep Triggers AI Selloff
US stocks lost $3.2 trillion on Thursday after Democrats swept the midterms, raising fears that new lawmakers opposed to data centres will slow AI infrastructure spending. The Nasdaq 100 fell 6.4% and the S&P 500 dropped 4.4%, its worst day since April 2025. Nvidia fell 9.3%, losing over $400 billion in value, while Qualcomm, Broadcom, Micron, Sandisk and Western Digital also slid.
