$3 TRILLION VANISHED FROM US STOCKS IN ONE SESSION
AI and chip stocks cratered the day after the midterms.
> Nasdaq 100: -6.3%
> S&P 500: -4.3%
AI giants:
> $NVDA -9.0%
> $MSFT -3.5%
> $GOOGL -2.8%
Data centers got hit hardest:
> $IREN -16.0%
> $NBIS -15.1%
> $CIFR -14.6%
The best post-midterm rally in 44 years lasted exactly one day.
Crypto followed:
> $BTC: -6.4% at the low
> $ETH: -7.9% at the low
The trigger: Democrats now hold Congress, and Rep. Yassamin Ansari says day 1 should bring a pause on advanced AI, tight regulation and a ban on superintelligence. Add Sanders' push for a national data center moratorium, and Wall Street is pricing an AI buildout slowdown.
AI and chip stocks cratered the day after the midterms.
> Nasdaq 100: -6.3%
> S&P 500: -4.3%
AI giants:
> $NVDA -9.0%
> $MSFT -3.5%
> $GOOGL -2.8%
Data centers got hit hardest:
> $IREN -16.0%
> $NBIS -15.1%
> $CIFR -14.6%
The best post-midterm rally in 44 years lasted exactly one day.
Crypto followed:
> $BTC: -6.4% at the low
> $ETH: -7.9% at the low
The trigger: Democrats now hold Congress, and Rep. Yassamin Ansari says day 1 should bring a pause on advanced AI, tight regulation and a ban on superintelligence. Add Sanders' push for a national data center moratorium, and Wall Street is pricing an AI buildout slowdown.
