US AI and AI hardware stocks fall after the November 2026 midterm elections

The Nasdaq Composite fell into correction territory, more than 10% below its recent record high, according to The Guardian.

Chip stocks led the slump, with SanDisk down 19% and Western Digital down 16.5%. Analysts linked the sell-off to fears that Democratic governors would restrict new AI datacentres after the midterm elections.

An earlier X post by Guizang (歸藏) said all US stocks tied to AI and AI hardware fell sharply and attributed the drop to the Democratic Party's election win. The post gave no figures or sources, so its account of the size of the fall and its cause rests on his claim alone.