Big tech stocks slumped on Thursday in their biggest decline since the “Liberation Day” rout last year, extending what has been a punishing autumn for the AI trade. The Nasdaq 100 index was set for market value declines exceeding US$2 trillion on investor fears that the Democratic Party’s sweeping midterm victory could stall AI infrastructure expansion and force a chaotic reckoning for smaller firms whose capacity to raise funds has already been limited by higher interest rates and tighter...
AI storm dooms tech stocks to US$2 trillion decline on darkest day since 2025
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SCMP - Feed 91By Reuters
EXECUTIVE SUMMARY
Big tech stocks slumped on Thursday in their biggest decline since the “Liberation Day” rout last year, extending what has been a punishing autumn for the AI trade. The Nasdaq 100 index was set for market value declines exceeding US$2 trillion on investor fears that the Democratic Party’s sweeping midterm victory could stall AI infrastructure expansion and force a chaotic reckoning for smaller firms whose capacity to raise funds has already been limited by higher interest rates and tighter...
Key Takeaways
- AI storm dooms tech stocks to US$2 trillion decline on darkest day since 2025.
- Big tech stocks slumped on Thursday in their biggest decline since the “Liberation Day” rout last year, extending what has been a punishing autumn for the AI trade.
- Big tech stocks slumped on Thursday in their biggest decline since the “Liberation Day” rout last year, extending what has been a punishing autumn for the AI trade.
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