AI storm dooms tech stocks to US$2 trillion decline on darkest day since 2025

Tech-led Nasdaq notched its deepest one-day drop since ‘Liberation Day’ in April 2025, wiping out trillions in market value on fears of more AI scrutiny, particularly on data centre construction, after Democrats won big in US midterm elections. The Nasdaq Composite fell 5.5 per cent on investor fears that the Democr…

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