@marketsbynoor: Stocks went up yesterday after the midterms but today they just crashed. One sector specifically got absolutely hammered and that was AI. Reason was because the Democrats just won the midterms and all the top Democrats are now coming out and saying that they will not allow any new data centres and this just has the whole market spooked. The big trade of the year was AI and people were expecting more and more spending however, those hopes and dreams are no longer alive. Nvidia stock fell about 7%, AMD fell 14% and Micron fell 12%. The nasdaq ended the day down more than 6% with the biggest drop during the day being nearly 7%. The only thing that was up today was gold which rose as investors flocked to it for safety same could not be said for “digital gold” with bitcoin falling more than 5%. The worry is all the big AI spending that has been done will not show the fruits of its labor with UBS coming out and saying that a third of new data centres are now at risk. The dow also had its worst post midterms day since 1896. Is this the end of the AI trade? Has the AI bubble popped? Only time will tell. #aistocks #aibubble #stockmarkets #stockmarketnews