US tech shares fall sharply as investors bet on AI slowdown after Democrats' election win
AIThe Nasdaq composite fell into correction territory, slumping up to 5% on Thursday as investors priced in tougher AI regulation after the midterm elections. Chip stocks led the sell-off, with SanDisk down 19% and Western Digital down 16.5%, while the VIX jumped 40%.
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The Guardian · AI · Graeme Wearden · theguardian.comPublished · added here
Original title: US tech shares fall sharply as investors bet on AI slowdown after Democrats’ election triumph