Global stock markets fall as AI fears erase billions

Stock market indices fell on November 6 across Southeast Asia and Europe, extending a sharp Wall Street decline from Thursday linked to fears about artificial intelligence companies' prospects after Democratic victories in the US midterm elections. The European STOXX 600 dropped about 1% Friday morning, while the US Nasdaq composite fell over 5% the previous day, erasing roughly $2.5 trillion in combined value from AI developers. Elon Musk, Jensen Huang, and other owners saw billions in personal wealth vanish, with AMD and Micron shares down over 17% and Intel down 10.3%. Investor concerns center on potential restrictions to data center construction, as some Democratic candidates, such as those in Ohio, made opposing uncontrolled data center development a key campaign issue.