AI stock rout hits global markets after US midterms

boursorama.com (French) —

Global AI-related stocks plunged Thursday as investors feared Democratic victories in the US midterm elections could slow data center construction. The Nasdaq fell 5.52%, its steepest drop since April 2025, entering correction territory. Chipmakers were hardest hit, with Nvidia losing 8.91% and AMD dropping 17.39%, as newly elected Democrats campaigned on restricting data centers. European markets fell less sharply, while defensive sectors and US bonds gained as investors sought safe havens. Oil prices rose over 3% on stalled Middle East peace efforts, while Rheinmetall shares collapsed 16.19% after cutting its annual forecast for a second time.


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