Has the AI 'bubble' burst? The 'technoligarchs' and the 7 stock market giants see trillions of dollars vanish in hours

The recent midterm elections in the US have led to significant stock sell-offs among major AI-related companies, with a total loss exceeding $4 trillion in market capitalization. Nvidia, Alphabet, and SpaceX are among the hardest hit, with Nvidia losing a quarter of its value in just a month. Elon Musk's wealth has also declined sharply, with a loss of $255 billion since early October. Analysts suggest that the political shift may lead to stricter regulations on data centers, impacting AI development. Despite the downturn, some experts believe the AI sector's growth remains strong, although inflated valuations may be a concern.