AI and tech stocks tumble on midterm rout, then show Friday rebound signs
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Democrats’ midterm rout of Republicans, also framed as a rebuke of President Donald Trump, cast doubt on large AI data-center plans and jolted markets Thursday. Nvidia fell 9.3%, AMD 17.3%, Microsoft 3.6%, Micron 17.5%, Broadcom 10.4%, Tesla 10.8% and SpaceX 9.1%; neocloud names Nebius dropped 15%, Iren 17% and CoreWeave 10%. Capital.com senior financial market analyst Kyle Rodda said the tech slide resumed as investors weighed Democrat-controlled Congress implications for tech regulation and the AI boom. By Friday morning U.S. tech stocks showed signs of recovery.
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