Tech Stocks Slide as Markets React to US Election Shift

Markets plunged after Democratic election gains in the US, with tech stocks falling sharply as investors fear AI development and data center expansion may be halted. Democratic leaders fueled the panic with social media posts about construction stops and AI pauses, with the selloff spreading to Asia and Europe on Friday. The initial relief rally after the midterms proved short-lived. While AI bubbles historically end painfully, the technology's role in national security and geopolitical competition with China may limit the downside. Investors are advised to consider their US exposure carefully.