Author name: fwadmin

Tech-heavy Nasdaq 100 tumbles 6.4% in day of chaotic trading

Investors fear newly elected US politicians will seek to slow data centre development in blow to tech stocks and AI boom

America’s data centre backlash is emblematic of AI anxiety and a scepticism of the industry’s power and wealth

Two days after voters overwhelmingly rejected data centers, the companies that make the chips, networking gear, and other tech for the facilities saw their stocks crushed.

More than 99% of all international data is carried not by satellites but by a physical backbone of subsea cables.