AI Slaughter on the Stock Exchanges – from Wall Street to Asia

Political factors in the US have triggered panic in stock markets, particularly affecting AI companies. The recent midterm elections raised concerns about potential regulations on data centers and AI development. Major indices like KOSPI and Nikkei 225 saw significant losses, while Wall Street experienced a sharp decline, with tech stocks suffering the most. The Democratic Party's victories have led to fears of stricter policies impacting the tech sector. Prominent politicians have called for moratoriums on data centers, reflecting public sentiment against big tech's influence. Analysts predict ongoing volatility in tech stocks as the market adjusts to these new regulatory concerns.