Blue tsunami wipes out US$2.5 trillion from NASDAQ, as investors fret about AI trade

The Straits Times · The Straits Times · 2026-11-05 22:07 UTC

Nasdaq plunges as Democratic sweep fuels fears over AI scrutiny and data centre buildout delays. Read more at straitstimes.com.

- Democratic election gains sparked a sharp US stock sell-off, with Nasdaq falling 5.5% and entering correction territory after fears of tougher AI and data centre scrutiny.

- AI and chip shares led the losses. Nvidia fell 9%, Advanced Micro 17%, and the Nasdaq 100 erased US$2.5 trillion in market value.

- Analysts warned of more pressure ahead as data centre buildouts face delays, local opposition and funding worries. CoreWeave, Nebius and other firms also dropped hard.

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