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Democrats push for data centre moratorium as Nasdaq loses $2.5 trillion, Adam Khoo notes

Democrats push for data centre moratorium as Nasdaq loses $2.5 trillion, Adam Khoo notes
Nasdaq plunges as Democrats seek moratorium

The Nasdaq fell 5.5 percent on Thursday, resulting in a single-session loss of $2.5 trillion, with semiconductor stocks experiencing their worst day since March 2020.

Adam Khoo reported that the drop followed calls by top Democrats for a national data centre moratorium and a ban on AI superintelligence after their midterm sweep.

Earlier, Adam Khoo reported significant declines for AI-related shares, including Intel, AMD, SanDisk, Micron, Alphabet, and Meta, while the S&P 500 remained only 3% below its highs. In a separate note, he highlighted the S&P 500’s 30.2% earnings growth for Q3, surpassing estimates. These developments come amid heightened attention to technology sector performance.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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