Election results of the American midterms also felt on the stock market: technology index Nasdaq takes a heavy hit

Following the Republican losses in the U.S. midterms, American investors are selling AI stocks, fearing stricter regulations under Democratic control. The Nasdaq technology index dropped significantly, losing around 5%, while the S&P 500 and Dow Jones also experienced declines. Analysts attribute these losses to concerns over the future of AI data centers and potential regulatory changes. Chip companies like Nvidia and AMD faced the most significant losses, with Nvidia down about 8% and AMD down approximately 16%.