AssetID: 56136758
Headline: UNCAPTIONED: Tech Stocks Plunge as US Election Results Intensify AI Fears
Caption: Tech Stocks Plunge as US Election Results Intensify AI Fears. Major technology stocks plunged after Democratic election victories fuelled concerns about slower artificial intelligence development nationwide. The Nasdaq fell more than 5.5%, wiping an estimated $2.5 trillion from its total market value. Investors fear tighter restrictions on data centres could delay construction and increase costs across the industry. Nvidia shares dropped over 9%, while AMD and Micron each lost more than 17% on Thursday. Seven leading technology companies collectively shed one trillion dollars in market value during a single session. Asian markets followed sharply lower, with steep losses hitting chipmakers in Japan, South Korea and Taiwan. South Korea's Kospi plunged more than 8.5%, triggering a temporary trading halt designed to curb panic. The selloff deepened existing doubts about whether massive investments in AI infrastructure will deliver sufficient returns. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,US stock market,tech stocks plunge,Nasdaq,$2.5 trillion market loss,Democratic election victories,artificial intelligence,AI investment,data center restrictions,Nvidia,AMD,Micron Technology,semiconductor stocks,Wall Street selloff,Asian stock markets,South Korea Kospi,Japan,Taiwan,AI infrastructure,stock market crash
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