Macro Finance
Tech Rout Erases Record $2.3 Trillion in Value as AI Fears Grow
Bloomberg Markets·November 5, 2026·1 min read
Technology stocks plunged the most since 2020 on Thursday, erasing a record $2.3 trillion in market value as investors exited the sector on concerns over the artificial intelligence trade. The selloff followed Democrats' sweep of the US midterm elections, raising fears of tougher regulation and slower AI investment. Major tech companies led the decline.
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