US stock markets suffered a historic collapse on Thursday, November 5th, wiping about $2.9 trillion off the market value of S&P 500 companies in a single session. The Nasdaq plunged 5.52%, its worst daily decline in 19 months, while the S&P 500 fell 4.36% and the Dow lost 1,833 points (3.44%). The Nasdaq entered correction territory, falling nearly 12% below its Oct. 6 high. Technology and semiconductor stocks led the sell-off, with Nvidia down more than 9% and the semiconductor index plunging 12%. Investors have worried that the Democratic takeover of Congress could bring AI regulations and tighter restrictions on data center expansion, raising concerns about inflated technology valuations and massive AI investment costs.

US stock markets suffered a historic collapse on Thursday, November 5th, wiping about $2.9 trillion off the market value of S&P 500 companies in a single session. The Nasdaq plunged 5.52%, its worst daily decline in 19 months, while the S&P 500 fell 4.36% and the Dow lost 1,833 points (3.44%). The Nasdaq entered correction territory, falling nearly 12% below its Oct. 6 high. Technology and semiconductor stocks led the sell-off, with Nvidia down more than 9% and the semiconductor index plunging 12%. Investors have worried that the Democratic takeover of Congress could bring AI regulations and tighter restrictions on data center expansion, raising concerns about inflated technology valuations and massive AI investment costs.