Wall Street Stocks Fall Amid Concerns Over AI Boom Obstacles
Wall Street stocks dropped sharply due to fears that midterm election results could impact AI investments and data centers
Translated by Qiyas from الجريدة — Original source
Wall Street stocks plummeted on Thursday amid fears that the results of the U.S. midterm elections this week could slow or derail the investment boom in artificial intelligence data centers.
After investors initially welcomed the prospect of Republicans led by President Donald Trump losing to Democrats on Tuesday, sentiment turned more cautious, focusing on concerns that these electoral changes could impact critical AI investments vital for economic growth.
Among major U.S. indices, the technology-focused Nasdaq was the hardest hit, closing down 5.5% amid a wave of selling that weighed on shares of Nvidia and other semiconductor stocks.
This marked the worst session for the Nasdaq in terms of percentage loss since April 2025.
Data centers have faced widespread opposition from American voters across party lines, with many midterm election winners pledging to rein in these projects.
In Europe, stocks initially rose on relief following the U.S. midterm results, with Frankfurt’s DAX hitting a record high, while the London Stock Exchange neared its all-time peak.
In Asia, technology-heavy stock markets broadly declined, with the Seoul exchange, which had been a standout example of the AI-driven boom in the first half of 2026, losing more than 5% of its value.
