AI Trades Face Sell-Off as Nasdaq Loses $2.5 Trillion in Market Cap

TechFlow news: On November 6, according to Jin10 Data, AI trades faced historic selling pressure, with technology stocks falling sharply across the board and the Nasdaq losing about $2.5 trillion in market cap in a single day.

Following the U.S. midterm elections, political forces opposing the unregulated expansion of AI have risen; compounded by tech giants' earnings missing expectations and shifting prospects for data center construction, AI trades have come under selling pressure.

Source: TechFlow