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Major tech stocks plunged as the US midterms fuelled fears of an AI slowdown, with the tech-heavy Nasdaq dropping over 5%. Markets reacted to the possibility of tougher scrutiny of data centre construction and the AI industry following the midterms. NPR reported fears about an AI crackdown after the midterms sparked a $2 trillion rout in tech stocks. Investors worried that a Democratic Congress and states across the country would crack down on AI and data centers.
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Sources · https://news.yakorank.com