The market selloff after the midterms is real, and Trump's blame of Democrats is accurate

U.S. stock markets suffered severe losses following Tuesday's midterm elections, with President Donald Trump attributing the decline to Democratic victories and investors' fears that the new Congress will restrict artificial intelligence growth. The Nasdaq 100 index fell 6.4 percent on Wednesday, its worst session since March 2020, erasing $2.3 trillion in market value. Further declines continued Thursday, with the Nasdaq Composite dropping 5.52 percent, the S&P 500 falling 4.36 percent, and the Dow Jones Industrial Average losing 1,833 points. Trump has championed AI development, revoking a 2023 executive order requiring safety testing for risky systems. Investors worry Democrats will curb data center expansion, with Senator Bernie Sanders calling for a national moratorium. Tech stocks, including Tesla and SpaceX, also declined sharply.