Global tech stocks plunge over fears of AI curbs in US

Global tech stocks experienced a significant downturn, with Asian markets also falling in response to a sell-off in Western stocks. This market reaction followed the US midterm elections.

The decline in tech and AI stocks is attributed to concerns about potential restrictions on artificial intelligence in the US. Some reports suggest that the market is reacting to the possibility of increased scrutiny on data center construction and the AI industry in the wake of the US midterms. Shares in SpaceX, a company associated with Elon Musk, were also reported to have plunged amidst this broader market trend.

Compiled from: Al Jazeera · BBC News

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