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AGGREGATED External reporting by France 24. This page summarizes the publisher's feed entry; the full article is on www.france24.com.

Tech giants lose $1 trillion in one day after Democrats victory in midterms

FRANCE 24 · FRANCE24 ·

Image accompanying: Tech giants lose $1 trillion in one day after Democrats victory in midterms
Image: France 24

Trillions of dollars have been wiped off the stock value of major tech firms in the US, Europe and Asia. Investors appear worried about the possibility of an AI slowdown and tougher regulation as Democrats won the midterms in the US. Some of the Democratic candidates had expressed their opposition to the data centres that are needed to power AI technology.

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