FinanceFinancial Timesabout 3 hours ago
US Tech Stocks Slide After Midterm Win
3 min read
US tech stocks fell Wednesday after Democrats won control of Congress, raising fears of tighter AI regulations. Microsoft shares climbed 6.7% while Amazon gained 6.1%. In contrast, data centre operators suffered steep losses, with Hut 8 plunging 23%, IREN falling 11%, Core Scientific declining 10% and Applied Digital shedding 6.7%.
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