B BBC News YouTube · 9 h ago Follow Markets

Tech stocks plunged after the US midterms – here’s why | BBC News

Video: BBC News YouTube · YouTube

Trillions of dollars have been wiped off the stock value of major tech firms in the US, Europe and Asia after the US midterm elections sparked concerns of a slowdown in artificial intelligence (AI) development. Shares in firms across the tech sector plummeted following Democratic wins in Tuesday's midterms. A number of Democratic candidates had run campaigns on slowing AI development - and there are broader concerns about whether the huge sums being spent on the technology will pay off. Subscribe to our channel here: https://bbc.in/bbcnews For the latest news download the BBC News app or…

Watch on YouTube

This story comes from BBC News YouTube's feed; the full article and all rights belong to the source.

0 0

#US #tech stocks

Comments (0)

No comments yet. Be the first to comment.

Tech stocks plunged after the US midterms – here’s why | BBC News

Comments (0)

Related news

How do falling share prices affect you? #BBCNews

San Francisco Fed President Daly says higher rates 'are likely to be needed' in inflation fight

Is a rebellion against data centres hitting big tech's bottom line? | BBC News

AI crush is powering one stock to sky-high valuations

Watch live: Jim Cramer shares his next investing moves for this tough market

AI stocks climb after trillions wiped from market values

Wall Street's fear gauge may be flashing a buy sign

Our top 10 things to watch in the stock market Friday

Market sell-off hits hard: Advisors say 'stay the course with an eye on buying'

Why gold prices are surprisingly low

'Bloodbath': Markets plummet worldwide as US midterm results add to AI fears

NYSE opens amid market turmoil following US midterms

Democrat sweep gives markets a reason to rethink path of interest rates

Global stocks plunge amid AI slowdown fears after Democrats’ midterm triumph

Tech stock rout, driven by US AI fears, continues in Asian trading

India as an AI hedge? The country's stocks could see robust inflows as markets globally tank

Oil prices rise as investors weigh renewed U.S.-Iran conflict risks after midterm elections

Oil prices could spike as U.S. action on Iran nears: Rapidan Energy

Nasdaq sell-off batters Asian chip stocks as SK Hynix, Samsung, Softbank, TSMC tumble

Costco is taking aim at its May record high — how it got here and where's it going

Jim Cramer says the AI sell-off isn't over, but it isn't another dot-com crash

Does rising inflation mean more interest rate hikes?

Why borrowers could see more interest rate pain | Andrew Bailey interview

Neocloud IREN says $4 billion in annualized revenue being delayed due to customer request