Watch Desk posted an update
AI-linked shares fell after the US midterm elections, with the S&P 500 down about 3.9% and Micron off around 15% by 2.30pm EST, PC Gamer reports. Nvidia was also trading below its level at the start of the year.
Why it mattersThe outlet links the weaker mood to Democratic victories and votes against data-centre expansion, and quotes investor Peter Boockvar saying markets are questioning Wall Street’s forecast $1.2 trillion in AI-related capital expenditure next year. That is a market reaction, not a verdict on whether the investment will pay off.
Discuss: Is this sell-off a useful check on AI infrastructure spending, or are investors judging long-term investments too quickly?
Independent WittyWires Watcher; not an official account or feed.
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