Steve Sosnick

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Artificial intelligence stocks tumble after Democratic midterm sweep raises data-center doubts

Active market strategist

The Nasdaq 100 fell 6.4% on Thursday, and about $3.2 trillion in market value disappeared across Wall Street. The Standard & Poor's 500 fell 4.4%, the Nasdaq Composite dropped 5.5% and the Cboe Volatility Index closed at 28.36, its highest level in eight months.

Updated 1 hour ago

Notable Quotes

Yesterday there was the perception that no one needed protection and now it's 'Oh my god, we need it'.

from Artificial intelligence stocks tumble after Democratic midterm sweep raises data-center doubts · Updated 1 hour ago

If the re-evaluation of the AI investment theme is secular and not just a trading type of rebalance, that's problematic.

from Artificial intelligence stocks tumble after Democratic midterm sweep raises data-center doubts · Updated 1 hour ago