Democrats have pledged to stop the emergence of new data centers across the country that are fueling the artificial intelligence boom.
Now, after the midterm elections, Wall Street is finally taking them at their word – and the president Donald Trump points the finger.
A sharp sell-off hit the US stock market on Thursday, as traders began to factor in the scale of Democrats’ plans for AI development. The S&P 500 plunged more than 4%. The tech-heavy Nasdaq Composite Index fell 5.5%. The market’s fear gauge, the Cboe Volatility Index, climbed nearly 70%, reflecting traders’ concern about further abuses. And the sale continued when Asian markets open.
“The stock market had one of the worst days in history due to the election results. It’s so sad to watch!” Asset job on Truth Social after market close Thursday. “It took so much work to get us to a level that no one had ever seen before, and there you go. So your 401(k)s went down. Remember, it wasn’t the Republicans, it was the Dumocrats.”
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