Tech stocks plunged after the Us midterms – here’s why | Bbc News
Nov 6, 2026
Trillions of dollars have been wiped off the stock value of major tech firms in the US, Europe and Asia after the US midterm elections sparked concerns of a slowdown in artificial intelligence (AI) development.
Shares in firms across the tech sector plummeted following Democratic wins in Tuesday's midterms.
A number of Democratic candidates had run campaigns on slowing AI development - and there are broader concerns about whether the huge sums being spent on the technology will pay off.