A historic one-day rout, the worst since April 2025 and the biggest single-day market-cap loss on record, hit tech shares after Democratic midterm victories raised fears of AI regulation and data center restrictions.
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Chipmakers bore the brunt of the sell-off, with Nvidia entering bear market territory and Micron sinking 17% amid fears that AI infrastructure spending could slow.
Wall Street desks reported a surge in client calls and the Cboe volatility index spiking more than 11 points intraday, with retail investors logging their heaviest selling day since 2020.
Democratic winners and progressive lawmakers are pushing for tougher limits on AI and data center expansion, a key driver of the market's regulatory fears.
SK Hynix, Samsung, SoftBank and TSMC fell sharply and South Korea's KOSPI triggered a trading halt as Asian markets tracked the overnight Wall Street sell-off.
The S&P 500 shed an estimated $2.9 trillion in market capitalization, the largest single-day loss of value on record, with the mega-cap tech cohort leading the damage.
Investors worried that a divided Washington could derail Elon Musk's business empire, driving a two-day combined wipeout of roughly $456 billion.
The inflation-adjusted figures, including higher estate and gift tax exemptions, set how much taxpayers will owe for the 2027 tax year.
Markets looked to Friday's nonfarm payrolls release for direction after the tech-led meltdown, with initial jobless claims recently slipping to a three-month low.
Crypto slid to a seven-week low as risk-off sentiment deepened, with Democratic election gains also clouding the industry's Washington agenda.
The exodus of retail money underscored the breadth of the risk-off mood and tested buy-the-dip instincts among younger investors.
The neocloud said some revenue is shifting from 2026 to early next year, while a new cloud-computing deal and investment-grade counterparties helped lift the stock after a steep selloff.
The move came amid cost-of-living pressures, with retreating oil prices potentially giving policymakers more room ahead.
Analysts debated whether the plunge was a buying opportunity, citing valuation multiples and a potential $200 billion silver lining in memory demand.
The fast-food chain girded for a potential hostile campaign while reporting quarterly sales that topped estimates and outlining a menu shakeup to revive traffic.
Democrats in Congress could impose tougher rules and investigate President Trump, ushering in a harder era for digital-asset firms.
Rising demand for automated AI protection showed up in results, helping the shares recover from the broader tech sell-off.
The policymaker cited inflation concerns and said monetary policy will need to adjust, a signal on the path for US interest rates.
The bank flagged frozen institutional buyers as clients scrambled to understand the scale of the historic Wall Street decline.
The company's decision to split its healthcare juggernaut drew widespread analysis of its implications for the sector.
Bullion touched a more than two-week high as investors sought havens amid political uncertainty and awaited US payrolls data.
The disclosure raises fresh safety questions about the company's spinal muscular atrophy treatment.
The financing talks highlight the scale of capital flowing into AI infrastructure even as related stocks sold off.
The drug netted an eye-popping $198 million in five weeks, though executives tempered expectations.
The lawsuit claims a student used AI chat on a school laptop to plan self-harm, adding to scrutiny of Google's push to put AI into education tools.
The chipmaker topped quarterly estimates but its Q1 outlook fell short as weak handset sales offset data-center momentum.
The deal reshapes food-delivery competition and pressured DoorDash shares.
The fund manager adjusted positions during the tech rout, buying the dip in AI-linked names.
The shares fell despite two positive developments, with valuation concerns weighing on the AI-linked name.
Gaming and film strength drove a big quarterly profit boost, even as Nintendo earnings slid.
The chain is pushing cheaper meals as customers cut back, after an earnings beat and improvement in US restaurants.
The food delivery startup is exploring a public listing as it expands its restaurant and delivery model.
The second round of cuts this year follows Jack Dorsey's earlier AI-driven layoffs.
The bank went quiet on women partner promotions as progress slowed, according to coverage of the announcement.
The manufacturer's restructuring drew a response from the UAW and affects two Iowa facilities.
Analysts see further declines tied to retreating oil prices, though the midterm outcome's effect on energy policy remains uncertain.
The Oregon-based company closed a deal to list on Nasdaq, giving investors direct exposure to humanoid robotics.
The filing includes store closures, with the operator citing labor costs in the state.
The shift underscores affordability pressures in the housing market as cash buyers dominate the entry level.
Federal authorities flagged potential attacks on industrial refrigeration systems, with blood banks targeted in Europe.