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The day artificial intelligence shook the bags

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 06/11/2026, 10:26:24 UTC.

Briefings

Following a benign market close on Thursday, Wall Street experienced a sharp sell-off within 24 hours as the US midterm elections shifted control to the Democrats. This triggered a cascade of losses across US and Asian tech stocks, with Nvidia losing over $440 million and the Nasdaq falling nearly 12% in a single day. The event coincided with a significant reduction in US data center capacity projections, raising concerns about infrastructure risks. The market's reaction highlights the fragility of AI-driven bull markets when fundamental support weakens.

Key points

• The Nasdaq fell nearly 12% in a single day after a benign close, marking the worst single-day drop since October 6th.
• Nvidia lost over $440 million in one session, while the entire S&P 500 saw approximately $3 billion in capitalization wiped out.

Context

The market crash occurred 24 hours after the US midterm elections, when Democrats secured control of Congress and key states, leading to slower licensing and reduced demand for tech infrastructure. This coincided with a 30% risk of US data center capacity reaching 2028 targets, creating a fragile environment for AI-driven bull markets.

Limitations

Data is limited to the 24-hour period following the election; specific causal links between election outcomes and stock drops are inferred rather than confirmed. Some stock movements may be influenced by broader market conditions beyond the election itself.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 07/11/2026, 08:28:01 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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