Global tech stocks fell after the midterms raised fears of tighter rules on AI and data centers, wiping trillions from market values. Nikkei 225 dropped almost 6 percent on Saturday's data. Voters rejected data center projects in all but one of 41 local measures. US tech shares recovered partly on Friday, but Wall Street still posted a fourth weekly loss.
Why it matters: Falling AI stocks hit retirement funds and could slow the investment boom behind much of recent market growth.
Tech shares fell sharply worldwide after Democrats won Congress. Investors fear tougher scrutiny of data centers and AI. The S&P 500 fell 4.4% on Thursday, its worst day since April 2025. Japan's Nikkei dropped almost 6% on the day shown. US tech shares recovered somewhat on Friday, and the Nasdaq rose more than 1%.
Why it matters: Falling tech shares hit retirement savings and could slow spending on AI and data centers.
US stocks fell sharply on Thursday. The S&P 500 dropped 4.36%, its worst day since April 2025, and the Nasdaq lost 5.5%. Investors worry that Democrats may push limits on data centers and the AI industry. Tesla and SpaceX lost more than $420 billion in combined market value. Asian markets fell on Friday, and South Korea halted trading on its main index with a circuit breaker.
Why it matters: A drop in AI shares hits retirement savings and could slow spending on data centers worldwide.
The S&P 500 fell 1.82% as technology stocks dropped on worries over AI spending. Intel had its worst day since the 1970s.
Google lost about $500 billion in value this week after saying AI search summaries hurt ad sales. Reddit fell 29%.
Why it matters: Falling tech shares weigh on retirement savings and raise doubts about the AI investment boom.
US stocks fell as tech shares dropped on worries about AI spending. Intel had its worst day since the 1970s. Reddit fell 29%. Alphabet lost about $500 billion in value this week.
Why it matters: Falling tech shares hit retirement savings and may slow AI investment.
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