Investors had been selling off tech shares in part due to concerns the Democrat election victory would mean slower AI development. Global AI-driven tech sell-off follows U.S. midterms; Nasdaq wipes $2.5T as AI spending and regulatory scrutiny loom, with India bucking trend. Nasdaq plunged 5.52% into correction territory as AI stocks tumbled after the US midterms. Nvidia and AMD led losses amid concerns over potential restrictions on data centre expansion.