US stocks fall as tech and AI shares lead declines after midterms
US stock markets fell on Thursday, led by tech and AI shares, as investors reassessed the AI industry after the midterm elections.
US stock markets fell sharply on Thursday, with technology and AI stocks leading the drop, according to Al Jazeera and CBS News.
Both outlets tie the selloff to the midterm election results. Al Jazeera says investors are weighing what the outcome means for the AI industry. CBS News says investors are reconsidering AI shares after Democratic wins.
CBS News also reports a specific worry: that a change in control of Congress could slow construction of the data centers that power AI.
The reports give no figures for the size of the decline and do not name individual companies.
Reported by
- Al JazeeraAI stocks plunge after election, driving down US marketsThu, Nov 5, 12:56 PM EST
- CBS NewsStock markets plunge in stunning reversal as investors reconsider AI sharesThu, Nov 5, 3:50 PM EST
- CBS NewsStocks plunge amid AI concerns after midterm electionThu, Nov 5, 4:46 PM EST
- CBS NewsStocks plunge over AI restriction fears as Democrats win control of CongressThu, Nov 5, 7:12 PM EST
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.