$3 trillion wiped off the U.S. stock market in just a few hours.
At the peak of the selloff, an estimated $750 billion in market value disappeared every hour during the first four hours of trading.
Yesterday, Wall Street was celebrating the results of the U.S. elections.
Today, the selloff erased those gains and pushed the Nasdaq into correction territory.
The Democrats’ victory has reopened concerns about potential restrictions on AI data center construction, raising questions about the future of spending across the industry.
But the deeper story is about valuations.
Markets that were once willing to pay extraordinary prices for promises of future growth are now reassessing the risks, financing costs, and expected returns on AI investments.
The question worth watching now:
Are we seeing a temporary correction after a prolonged rally…
Or the beginning of a much bigger shift in Wall Street’s view of the AI boom?
At the peak of the selloff, an estimated $750 billion in market value disappeared every hour during the first four hours of trading.
Yesterday, Wall Street was celebrating the results of the U.S. elections.
Today, the selloff erased those gains and pushed the Nasdaq into correction territory.
The Democrats’ victory has reopened concerns about potential restrictions on AI data center construction, raising questions about the future of spending across the industry.
But the deeper story is about valuations.
Markets that were once willing to pay extraordinary prices for promises of future growth are now reassessing the risks, financing costs, and expected returns on AI investments.
The question worth watching now:
Are we seeing a temporary correction after a prolonged rally…
Or the beginning of a much bigger shift in Wall Street’s view of the AI boom?
