Global tech stocks plunge after US election sparks AI investment fears

Global technology stocks are collapsing across Asian and Wall Street markets following the US elections, as investors panic over potential regulatory threats to artificial intelligence investments and data center construction. Democratic victories securing control of both Congressional chambers and key Republican strongholds like Texas have intensified fears about the hundreds of billions invested in AI with uncertain returns. Senator Bernie Sanders' call for a moratorium on data center construction added to the selloff, with semiconductor companies hit hardest. The rout erased approximately $800 billion from the Magnificent Seven tech giants in a single session, exceeding Sweden's GDP. AI company Anthropic may face a reduced valuation or delayed IPO, while analysts describe the selling as capitulation, though some view the panic as potentially overblown.