Economy
AI stocks plunge after election, driving down US markets
US markets fell on Thursday as AI-linked chip and data-centre stocks led a technology selloff after Democrats' sweeping midterm election wins raised concerns about political resistance to AI infrastructure. The Nasdaq dropped 4.8 percent, the S&P 500 fell 3.6 percent and the Dow slid 2.8 percent, with Nvidia, Micron, CoreWeave and Nebius among the biggest decliners as voters backed most data-centre restriction measures.