Midterm Election Shift Prompts $2.5 Trillion Selloff in AI Stocks

A dramatic selloff swept Wall Street as the tech-heavy Nasdaq entered correction territory, wiping out roughly $2.5 trillion in market value following Democratic midterm victories. Investors fear an impending regulatory crackdown could slow approvals and public financing for massive AI data centers. The market plunge has also raised doubts about the timing of major planned tech IPOs, including Claude developer Anthropic.