State Pension Funds Have at Least $578 Billion Riding on Tumbling AI Stocks
247wallst.com reports on the Equable Institute's estimate that U.S. state and local pension funds held at least $578.1 billion in AI-related companies as of June 30, 2026, with NVIDIA, Apple, and Microsoft the largest holdings. The sell-off on November 5, 2026 — NVIDIA down 9.26% to $181.60 and the Nasdaq-100 down about 6.3% — followed Democratic midterm wins that raised concerns of data center moratoriums, and Equable's Anthony Randazzo urged every public pension fund to audit its AI exposure and publish the results.
