AI stock selloff wipes out $2.3 trillion as investors rethink tech
The slide follows U.S. midterm elections, which investors see as bad news for tech stocks and data centers.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Tech and AI shares fell sharply after the midterm elections, and Thursday's sell-off erased $2.3 trillion in market value and pushed the Nasdaq into a correction. Dan Ives said he sees a multiyear tech bull market despite the rout and believes investors are overreacting.
Timeline
- Nov 5: Put volume at Cboe reached a record 11.23 million contracts during the selloff, exceeding the previous record set in April 2025.
- Nov 8, 3:42 AM ET: Dan Ives told Bloomberg that investors are overreacting to political uncertainty around AI infrastructure spending.
Coverage
- 3 Bank Stocks Built For Higher Yields As Money Rotates Out Of Tech (Yahoo News)
- Stock Market Sell-Off: 4 Ridiculously Cheap Semiconductor Stocks You Can Buy Today (fool.com)
- Dan Ives Sees A ‘Multiyear Tech Bull Market’ Despite AI Stock Rout — ‘This Was Just A... Scary Moment’ (Yahoo News)
- Arizona Rep. Ansari Accused Of Tanking Shaky Stock Market With Tweet (arizonadailyindependent.com)
- AI stock selloff drives investors to China, India, and overlooked Asian sectors (Investing.com)
- Stocks soared on the Democratic sweep. Less than 24 hours later, the AI trade cracked. (Yahoo News)
- From high-flying AI stocks to tariff-hit alcohol companies, the midterms shook up Wall Street (newsday.com)
- How Wall Street’s all-in bet on AI blew up (Financial Times)
- After midterms, tech companies take big hit on stock market over data center concerns (wthr.com)
- What’s going on with the stock market? (NPR)
- Stock market fluctuates after midterm elections amid AI and policy fears (whio.com)
- Global AI Stocks React to Democrats' U.S. Midterms Win (Foreign Policy)
- Data centers run on debt. That was a problem for bonds this year — and it’s only going to get worse. (marketwatch.com)
- Wall Street Under Pressure: AI Concerns And A Strong Labor Market Complicate The Outlook (seekingalpha.com)
- Could the AI bubble burst after Democrats’ midterms sweep? (The Guardian)
- The S&P 500 has become a big AI bet. Here are some simple alternatives. (marketwatch.com)
- Nasdaq enters correction after AI stock sell-off
- Tech stocks slump as AI selloff hits Wall Street after midterms
- Tech stocks slide as AI selloff follows Democratic midterm wins
- Bitcoin falls below $76,000 after AI-led tech selloff
- Tech stocks slide as midterm results fuel AI selloff fears
- Trump attributes market drop to Democrats' midterm gains
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