The Nasdaq 100 dropped 4.5% as chipmakers sold off after Democrats won control of the Senate and House in the midterm elections, raising fears of tougher AI regulation. A gauge of chip giants fell 8.5%, putting it on track for its worst week since the April 2025 tariff meltdown. Nvidia slid 7%, while the S&P 500 fell 3%.
Nasdaq 100 falls 4.5% as chip stocks slide on AI regulation fears
Source: Moneycontrol