Tech Rout Wipes Out $2.5 Trillion, With AI Investors Anticipating Heavier Scrutiny From Dems
Gizmodo reports that the Nasdaq fell 5.5% on 5 November 2026, wiping out an estimated $2.5 trillion in market value after weak AI earnings and a Democratic midterm sweep, in the largest single-day dollar drop ever. Per the Wall Street Journal, the Magnificent Seven lost around $1 trillion, and AI investors brace for heavier scrutiny of data center buildouts and tech firms' White House ties from incoming Democrats.
