🔻 A sharp drop in the shares of the major technology companies following increased concerns about the slowdown in the development of artificial intelligence after the mid-term elections in the USA.
Hundreds of billions of dollars in the market value of large technology companies were lost in the sharp decline in the value of their shares; The fall that occurred after the mid-term elections in the United States and following concerns about the slowdown in the development of artificial intelligence.
After the victory of the Democrats, who focused their election campaigns on slowing down the development of artificial intelligence, the shares of companies active in the field of technology and artificial intelligence fell sharply.
The Nasdaq Composite, which is heavily weighted by technology companies, ended down more than 5.5%, according to Dow Jones data. It is estimated that as a result of this reduction, about 2.5 trillion dollars of the market value of the companies included in this index were lost. Other important indices of the US stock market also faced significant declines and recorded their worst performance since 2025. This wave of sales is taking place in a situation where in the past there were concerns about the return of huge investments in the field of artificial intelligence and whether or not these henside expenditures would lead to profitability.
In the election campaigns across the United States, the Democrats wanted to slow down the expansion of data centers and the development of artificial intelligence. At the same time, dozens of programs and proposals were put on the ballots of various countries, the purpose of which was to limit the development of these centers, the critical infrastructures for supplying the processing power of this technology.