Wall Street sheds $3.2tn as tech-heavy Nasdaq plunges
Tech-heavy Nasdaq 100 tumbles 6.4% in day of chaotic trading
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Global stocks tumble as Democratic midterm sweep sparks AI rout
Investors fear newly elected US politicians will seek to slow data centre development in blow to tech stocks and AI boom
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Wall Street’s best post-midterm rally in 44 years lasted just one day—then $3 trillion vanished as chip stocks plunged over AI fears
Chip and AI stocks led a delayed selloff on fears new Democratic governors will pause data centers. Analysts split on how long.
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Asia can’t afford a ‘cloudless’ day. That means paying attention to undersea cables
More than 99% of all international data is carried not by satellites but by a physical backbone of subsea cables.
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Tech stocks are suffering their biggest selloff since Covid, as investors see premature end to AI datacenter boom
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.