AI trade sell-off wipes $2.5 trillion off Nasdaq

AI-linked equities sold off sharply on November 6, wiping roughly $2.5 trillion from the Nasdaq's market capitalization in a single session as technology stocks fell across the board. The retreat followed the U.S. midterm elections, which elevated political forces opposed to unchecked AI expansion, and was compounded by disappointing earnings from major tech companies and shifting prospects for data-center buildouts. The scale of the one-day loss underscores how concentrated market gains have become around AI themes and how sensitive that trade is to policy and capital-spending signals. Investors will watch whether the selloff extends into further sessions, how upcoming earnings and data-center guidance evolve, and whether post-election policy scrutiny of AI investment translates into concrete regulatory action.