Tech and AI stocks plunge as Nasdaq loses $2.5tn after election-driven regulatory fears
Shares in major technology and artificial intelligence companies fell sharply on Thursday, deepening a market rout that wiped an estimated $2.5tn from the Nasdaq Composite. The selloff came as investors reacted to Democratic wins in key data-centre states and the prospect of tougher regulation on data centres and AI infrastructure. The losses also dragged down other major US indexes, with the S&P 500 and Dow Jones Industrial Average both closing lower.Nvidia fell more than 9%, while AMD and Micron each dropped by more than 17%. Intel was down 10.3%, and SanDisk plunged by more than 22%, underscoring how heavily exposed... [Continue Reading]
360LiveNews | 05 Nov 2026 22:04 LONDON
More from 360LiveNews Opinion
Five rescued in Kiribati after drifting at sea for three months
Five people, including two children, have been rescued on Fanning Island in Kiribati after drifting at sea for about three months. The group was found alive on Sunday after villagers spotted their boat near the remote island. They had been missing since setting off on July 30 from the Federated States of Micronesia on what was meant to be a short inter-island trip.The five were part of a group of nine who left Murilo for Ruo, a journey that was expected to take about an hour. According to the supplied account, the boat was caught in a storm soon after... [Continue Reading]
360LiveNews | 02 Nov 2026 00:00 LONDON
