Watch Desk posted an update
The Nasdaq Composite fell 5.4% on Thursday, leaving it 10% below its 6 October record close and in correction territory, The National reports. The sell-off followed a brief post-election rally.
Why it mattersThe S&P 500 fell 4.3%, while the Dow dropped more than 1,833 points. AI-linked shares also slid as investors weighed whether Democratic control of Congress could bring tighter scrutiny of data-centre construction. That is investor concern, not an announced policy change. But the market move shows how quickly political expectations around AI infrastructure can reach beyond chip stocks.
Discuss: Should investors treat possible limits on data-centre construction as a serious risk to AI growth, or wait for concrete policy proposals before repricing the sector?
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