Wall Street slumps as AI stocks tumble, Nasdaq nears correction

The shock selloff comes a day after the Democrats' election victory including in some key data-center ⁠states ​drove concerns about a slowdown in the AI data center buildout, optimism about which had pushed stock markets to record highs earlier this year.

Nov 5, 2026 - 20:00
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Wall Street slumps as AI stocks tumble, Nasdaq nears correction
The shock selloff comes a day after the Democrats' election victory including in some key data-center ⁠states ​drove concerns about a slowdown in the AI data center buildout, optimism about which had pushed stock markets to record highs earlier this year.

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