# US tech shares fall sharply as investors bet on AI slowdown after Democrats' election win

> Original title: US tech shares fall sharply as investors bet on AI slowdown after Democrats’ election triumph

- Source: The Guardian · AI
- Published: 2026-11-05T17:31:04.000Z
- Bad Influence: https://badinfluence.news/items/e7ulr7r4pug85w1jtxpz3cx91
- Original: https://www.theguardian.com/business/2026/nov/05/nasdaq-heading-for-worst-day-in-18-months-as-wall-street-sustains-widespread-losses

## Summary

The 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%. Analysts expect Democratic governors to curb new datacentre rollouts.