The
tech-heavy Nasdaq recorded its sharpest single-day plunge since “Liberation Day”
in April 2025, erasing $2.5 trillion in market capitalization as fears of
heightened scrutiny over artificial intelligence (AI) - specifically targeting data
center construction - surged following decisive victories by Democrats in the US
midterm elections.
Nasdaq
Composite plummeted 5.5 percent as investors grew anxious that the Democratic
Party’s broad midterm triumph might halt the expansion of AI in...
