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Amid growing fears that the AI data center surge will slow after Democrats swept the midterms, the Dow has fallen over 1,800 points, the S&P 500 finished trading down 4.3% and the Nasdaq fell 5.5% – marking the biggest market meltdown in 19 months. Elizabeth Schulze reports.
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Amid growing fears that the AI data center surge will slow after Democrats swept the midterms, the Dow has fallen over 1,800 points, the S&P 500 finished trading down 4.3% and the Nasdaq fell 5.5% – marking the biggest market meltdown in 19 months. Elizabeth Schulze reports.
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Wall Street has been rocked by a major tech sell-off, with around $2.5 trillion wiped off the value of the U.S. stock market in a single day. The Nasdaq, which is heavily weighted towards technology companies, plunged 5.5% on Thursday, marking its worst day in 19 months. The sell-off came amid growing fears over the future of AI investment, as well as concerns that recent Democratic election victories could lead to tougher restrictions on data center expansion. The fallout also spread to Asia, w
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