The Nasdaq Composite fell 5.46% on Thursday, its deepest one-day drop in 19 months, as chipmakers slid on fears that Democratic midterm wins will bring tougher AI regulation. The S&P 500 lost 4.32% and the Dow fell 3.45%. Concerns that tighter rules could slow the AI infrastructure buildout hit stocks that had driven record highs this year.
Nasdaq plunges 5.5% on AI regulation fears after Democratic wins
Source: Moneycontrol