AI stocks lose $2.5 trillion in US election selloff

laopiniondezamora.es (Spanish) —

A sweeping Democratic victory in the US midterm elections triggered a severe stock market selloff in the artificial intelligence sector, erasing nearly $2.5 trillion in value overnight and sending the Nasdaq down 6%. The defeat of Silicon Valley-backed candidates and fears of new congressional oversight fueled the decline, the worst since April 2025. Investor skepticism over massive AI spending on data centers and chips also contributed, with Bank of America warning of a potential bubble. Major tech firms suffered heavy losses, with Micron, AMD, and Dell dropping up to 17%. Nvidia lost $447.5 billion, while Elon Musk's Tesla and SpaceX fell over 9%, adding to their significant 2026 declines.


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