AI trading faces sell-off, Nasdaq loses $2.5 trillion

on November 6, according to Jinshi Data, the AI trade is facing historic selling pressure, with tech stocks suffering broad declines and the Nasdaq erasing approximately $2.5 trillion in market value in a single day.

Following the US midterm elections, political forces opposing the unchecked expansion of AI have gained traction, compounded by tech giants' earnings falling short of forecasts and shifting outlooks for data center construction, prompting a sell-off in AI-related assets.