# AI stocks plunge after election, driving down US markets

- URL: https://talkfuse.com/story/ai-stocks-plunge-after-election-driving-down-us-markets/
- Published: 2026-11-05T17:56:17+00:00
- Updated: 2026-11-05T18:56:22+00:00
- Original publisher: Al Jazeera (publisher lean: Left)
- Original article: https://www.aljazeera.com/economy/2026/11/5/ai-stocks-plunge-after-election-driving-down-us-markets?traffic_source=rss
- Topics: AI, Americas, Business, Elections, Markets, Politics, Technology, World

## Key points

- US shares slid as AI and chip stocks led the decline.
- Voters backed 39 measures restricting AI infrastructure.
- Gold rose as investors reassessed risks.

## Summary

US markets fell sharply on Thursday as investors reassessed the prospects for AI and technology companies after Democrats won sweeping midterm victories. The sell-off followed a rally the previous day, when election results and President Donald Trump’s acceptance of them had eased concerns about political uncertainty.

The Nasdaq dropped 4.8 per cent in midday trading, the S&P 500 fell 3.6 per cent and the Dow Jones lost 2.8 per cent. Voters backed 39 of 45 ballot measures seeking restrictions on AI infrastructure; UBS estimated pauses could put about 30 per cent of planned US data centre capacity additions in 2028 at risk. Nvidia shares fell 8.2 per cent, while CoreWeave lost more than 12 per cent; gold rose just over 1 per cent to $4,115 an ounce.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.