Gizmodo
Tech Rout Wipes Out $2.5 Trillion, With AI Investors Anticipating Heavier Scrutiny From Dems
Tech stocks plummeted amid fears inbound Democrats will end Donald Trump's era of laissez-faire regulation and backdoor deals.
By Gizmodo
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·Excerpt
The Nasdaq Composite fell 5.5%, or an estimated $2.5 trillion in market value, on Thursday. The index descended into correction territory after weak earnings reports in the AI sector and a blue tsunami in the 2026 midterm elections on Tuesday set off a tech stock rout, the Wall Street Journal reported.
According to the Journal, shares of “Asian chip makers, Texas power…
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