Fears of an AI crackdown after midterms spark $2 trillion rout in tech stocks
NPR's Rafael Nam reports that fears of an AI crackdown by an incoming Democratic Congress, after wins that included Gina Hinojosa's Texas governor's race victory, sent the Nasdaq down more than 5% and wiped out over $2 trillion in tech stock market value. Trajan Wealth's David Busch cited concerns over coming AI regulation and data center pushback, and NPR says it is unclear whether the rout will continue or spread.
