Tech stocks are surging after the Democrats' sweeping victory

Following the Democrats' significant victory in the U.S. midterm elections, technology stocks globally saw a sharp decline, driven by concerns over slowing AI development. The Democrats campaigned against the growth of data centers and AI, promising moratoriums on new constructions. Major U.S. companies like Apple and Nvidia lost substantial market value, with Nvidia shares dropping over 9%. Asian tech indices also fell sharply, reflecting the impact on companies producing AI-related hardware. The situation highlights the growing importance of AI in the global economy, as evidenced by the rankings of the world's most valuable companies, dominated by tech giants investing heavily in AI.