Nasdaq Loses $2.5 Trillion in One Day as Democratic Wins Put AI Data Centers on Notice

The Nasdaq Composite fell 5.5% on Thursday, losing $2.5 trillion in one day, its biggest drop since April 2025. Democratic midterm wins, with many campaigning against data centers, triggered the selloff. Sen. Bernie Sanders called for a national data center moratorium. Chip, cloud, and data center stocks fell sharply, and CoreWeave credit spreads hit a record.