Nasdaq tumbles 5% as chip stocks slide after US midterms
Democratic election victories have intensified concerns about the pace of artificial intelligence investment, driving a sharp reversal in US stocks after an initial post-election rally.
Read the full story → · Latest coverage 7 Nov 2026, 0:39 am UTC
Key moments · 7
US stocks rally in initial response to midterm results
Yahoo Finance ↗Semiconductor selloff deepens as investors question the AI trade
Bloomberg Technology ↗Nasdaq tumbles 5% as chip rout intensifies
Financial Times ↗S&P 500 suffers worst daily decline in over a year
NYTimes.com Home Page (U.S.) ↗Tech selloff spreads to Asian and European markets
Deutsche Welle ↗Nasdaq rises in early trading after tech rout
Financial Times ↗US tech stocks stage partial recovery after sell-off
Financial Times ↗
