AICNBC Techabout 3 hours ago
AI Stocks Plunge After Midterm Election
4 min read
Following midterm elections giving Democrats control of Congress, AI stocks suffered a massive sell-off as investors feared new data center restrictions. Nvidia lost 9.3%, AMD shed 17.3%, and Tesla dropped 10.8%. Analysts warn that a Democrat-controlled Congress could slow the projected $7.6 trillion AI infrastructure spending from 2026 through 2031.
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