Tech stocks fall after midterms as investors doubt AI spending
Overview
Tech stocks lost a combined $2.5 trillion in market value and the Nasdaq fell more than 5.5% after the midterm elections, according to SiliconANGLE's report.
The report says successful candidates ran against data centers and called for greater AI restrictions, and that investors now expect a slowdown in AI spending.
In a TheCUBE Pod discussion, John Furrier and Dave Vellante say enterprise AI monetization is not yet self-funding. The hosts argue that infrastructure beyond GPUs will decide which companies win.
Written by AI from the articles below · updated Nov 9, 12:41 PM ET
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- SiliconANGLE · AINewsTech stocks fall as midterm results raise AI spending doubts
AITech stocks lost a collective $2.5 trillion in market value and the Nasdaq fell more than 5.5% after last week's midterms, as successful candidates ran against data centers and calling for greater AI restrictions. Investors anticipate a slowdown in AI spending, according to the TheCUBE Pod discussion between John Furrier and Dave Vellante. Vellante says enterprise AI monetization is still not self-funding, while the hosts say infrastructure beyond GPUs will decide winners.
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