Tech-led Nasdaq on Nov 5 notched its deepest one-day drop since April 2025, wiping out trillions in market value amid fears of more artificial intelligence scrutiny, particularly on data center construction, after Democrats won big in United States midterm elections. Nick Ferres, chief investment officer at Vantage Point Asset Management, tells CNA’s Asia First that the correction in AI-related stocks began months before the latest sell-off.