Fears of an AI crackdown after midterms spark $2 trillion rout in tech stocks

Shares sank, with the tech-heavy Nasdaq dropping over 5%, as investors reacted with fear that a Democratic Congress — and states across the country -— would crack down on AI and data centers.

<img src='https://npr.brightspotcdn.com/dims3/default/strip/false/crop/3575x2378+0+0/resize/3575x2378!/quality/85/format/webp/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F22%2F8a%2F246fd1f04d62b6c6e0b904447992%2Fgettyimages-2303241458.jpg' alt='Stocks sank as investors fear an incoming Democratic Congress — and states across the country — could crack down on the AI industry and data centers.'/><p>Shares sank, with the tech-heavy Nasdaq dropping over 5%, as investors reacted with fear that a Democratic Congress — and states across the country -— would crack down on AI and data centers.</p><p>(Image credit: Timothy A. Clary)</p><img src='https://media.npr.org/include/images/tracking/npr-rss-pixel.png?story=nx-s1-6031987' />