The A.I. Daily
AI Market Forced Adjustment Post-Election; S&P 500 Plunges
After the U.S. midterm elections, fears that a Democratic majority could affect the pace and cost of AI infrastructure rollout triggered a sharp selloff: the S&P 500 fell 4.4%, the Nasdaq dropped 5.5% into correction, the Philadelphia Semiconductor Index plunged 12%, and the VIX soared nearly 70% to 28. Texas's governor-elect pledged to freeze new data center approvals until 2027 legislation, adding to regulatory fears.