Thousands of billions of dollars have disappeared from the value of shares of major tech companies after the American midterm elections

The stock values of major American, European, and Asian tech companies dropped significantly after the U.S. midterm elections raised concerns about potential slowdowns in AI development. Investors fear that Democratic successes could hinder infrastructure necessary for AI advancements. The Nasdaq Composite index fell over 5.5%, resulting in an estimated $2.5 trillion loss in market value. This decline affected other indices, with the S&P 500 and Dow Jones also experiencing their worst performances since April 2025. Semiconductor and AI-related companies saw sharp declines, with the Magnificent Seven losing $1 trillion in market value in one day. The drop was partly attributed to the election of a Democratic governor in Texas, who promised to suspend data center construction and eliminate tax incentives for such projects.