AI STOCKS SELL OFF, NASDAQ DOWN 3% AFTER THE MIDTERMS
📉 Selloff: The AI stock selloff that began yesterday deepened in morning trading, with the Nasdaq down about 3% and the PHLX Semiconductor Index down more than 5%.
📊 Damage: Nvidia and Broadcom fell about 5%, Oracle close to 5%, Tesla 9%, SpaceX 7%, Qualcomm 9%, CoreWeave 9%, Nebius 13% and IREN 11%.
🏛️ Cause: Markets fear tighter AI regulation, especially around data-center buildout, after Democrats swept both chambers of Congress.
🔄 Rotation: Money is rotating into other sectors, with Dow futures rising while financials, Amazon and Alphabet moved higher.
💬 It looks very negative, but this is not necessarily a bad thing. Investors are voluntarily cutting their AI exposure for political reasons, this may be a bubble deflating rather than a bubble bursting.
$ZEC $TAO $MU
📉 Selloff: The AI stock selloff that began yesterday deepened in morning trading, with the Nasdaq down about 3% and the PHLX Semiconductor Index down more than 5%.
📊 Damage: Nvidia and Broadcom fell about 5%, Oracle close to 5%, Tesla 9%, SpaceX 7%, Qualcomm 9%, CoreWeave 9%, Nebius 13% and IREN 11%.
🏛️ Cause: Markets fear tighter AI regulation, especially around data-center buildout, after Democrats swept both chambers of Congress.
🔄 Rotation: Money is rotating into other sectors, with Dow futures rising while financials, Amazon and Alphabet moved higher.
💬 It looks very negative, but this is not necessarily a bad thing. Investors are voluntarily cutting their AI exposure for political reasons, this may be a bubble deflating rather than a bubble bursting.
$ZEC $TAO $MU
