Watch Desk posted an update
Major technology companies lost about $1tn in a single trading session after the Democrats’ US midterm victory, The Guardian’s The Latest reports, amid fears of a slowdown in AI development.
Why it mattersThat is a striking market move, not proof that the AI boom is over. The report names Apple, Tesla and Nvidia among the companies affected, but the supplied account does not break down how much of the loss was specifically tied to AI.
Discuss: Does a one-day $1tn loss look like a warning about AI spending, or a market overreaction to political uncertainty?
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