US markets fell Thursday as AI and chip stocks sold off after Democrats' midterm sweep, with voters backing restrictions on most data centre ballot measures. The Nasdaq dropped 4.8%, the S&P 500 3.6% and the Dow 2.8%. Nvidia fell 8.2% and CoreWeave over 12%, while UBS warned construction pauses could put 30% of planned 2028 data centre capacity at risk.
AI stocks plunge as midterm wins threaten data centre plans
Source: Al Jazeera