US tech shares fall sharply as investors bet on AI slowdown after Democrats’ election triumph
Tech stocks lead US market slide as investors weigh impact of midterm election results on AI industry.
Key points
- The market has been reacting to possible tougher scrutiny of data centre construction and the AI industry following the US mid-terms.
- Nasdaq heading for its worst day in 18 months in volatile trading on Wall Street The Nasdaq share index was on track for its worst day in 18 months after slumping by up to 5% on Thursday amid growing signs that the artificial intelligence industry will face tougher regulation because of the midterm election results.
The tech-heavy index was heading for its biggest one-day fall since Donald Trump announced his “liberation day” tariffs on US trading partners in April 2025.
As Wall Street sustained widespread losses, the Nasdaq composite tumbled into ‘correction territory’ – more than 10% below its recent record high.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
Advertisement
Every article behind this summary — 3 articles from 3 outlets
The Guardian BusinessNovember 5, 2026, 6:44 PM UTC →
BBC BusinessNovember 5, 2026, 5:57 PM UTC →
Al JazeeraNovember 5, 2026, 5:56 PM UTC →
Get stories like this in your inbox.
Subscribe — it's freeOne free email at 6am — your topics, deduplicated, five minutes. No account, no paywall.