AI stock sell-off drives South Korea's KOSPI below 5,000
Investors are questioning the AI investment boom after the U.S. midterm elections, with doubts spreading across global markets.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Shares of AI and semiconductor companies plunged in the U.S. stock market, with fears of data center regulation and worsening supply-demand conditions weighing on investors. South Korea's KOSPI fell below the 5,000 mark just after breaking that level, and this week's direction is now in question.
Why it matters
Growing doubts about the AI investment boom are reshaping global market leadership, according to BCA Research.
Timeline
- Nov 6 (local time): AI and semiconductor stocks plunged in the U.S. stock market, though the drop was somewhat subdued as the Blue Tsunami wave subsided.
- Nov 8, 10:31 AM ET: BCA Research called on investors to shift exposure from U.S. equities into European stocks as doubts over the AI boom grew.
- Nov 8, 12:00 PM ET: Analysts said the data center-powered sell-off leaves many questions to answer this week, with new inflation data due to help parse the still-strong economy.
Coverage
- South Korea's KOSPI Enters First Week After Breaking 5,000 as AI Regulation Fears Decide Whether It Rebounds (BigGo Finance)
- Here are the 2 big things we're watching in the stock market in the week ahead (CNBC)
- 2 big AI narratives wrestle with each other: What to watch this week (Yahoo News)
- 1-0 to humankind? US midterms vote puts AI, datacentres and the broligarchy back in their box (The Guardian)
- After the Bubble Bursts (paulkrugman.substack.com)
- The plunge in artificial intelligence (AI) and semiconductor-related stocks in the U.S. stock market.. (김지희)
- Alphabet's $15 Billion Investment in Malaysia Data Centers Shows That Midterm Results Won't Stop the AI Boom (aol.com)
- After the midterms, things are looking rocky for Elon Musk and data centers (techcrunch.com)
- Stocks soared on the Democratic sweep. Less than 24 hours later, the AI trade cracked. (Yahoo News)
- Brutal day for the stock markets after threat of AI regulation sparks tech sell-off (observer.co.uk)
- Decisive election. Dramatic stock swings. How we handled the market last week (CNBC)
- AI Chip Stocks Bounce After Global Rout—But Is the Bubble Starting to Burst? (Yahoo News)
- From high-flying AI stocks to tariff-hit alcohol companies, the midterms shook up Wall Street (WRAL)
- Why investors are dumping AI company stocks after Democrats’ election sweep (The Washington Post)
- Wall Street brokerages call AI stock selloff overdone
- SAP shares slide 3.4% amid AI stock rout
- AI stocks sell off after Democrats' midterm sweep sparks regulation fears
- Global stocks slide as AI regulation fears follow Democratic midterm wins
- AI stocks rebound after midterm-driven sell-off wiped out trillions
- Global stocks slump as Democrats' midterm win revives AI curb fears
More from Technology & AI
- Wall Street brokerages call AI stock selloff overdone
- Quantum Computing Inc. posts $9.5 million quarterly revenue, wider loss
- OpenAI says its GPT-6 Cyber model found Firefox flaws
- Australia will require AI firms to report rogue models
- Boston Dynamics fits Atlas humanoid robot with wheels
- Diraq installs eight-qubit quantum computer in Sydney data center