Brief by Shorts91 Newsdesk / 03:56am on 06 Nov 2026,Friday International
Wall Street witnessed its sharpest market decline since 2020 on November 5, as growing concerns over artificial intelligence (AI) investments triggered a massive sell-off. The Nasdaq 100 plunged over 6%, while the S&P 500 dropped 4.4%. Nvidia shares fell more than 9%, wiping out their yearly gains. Investors fear that Democrats' victory in the US midterm elections could bring stricter scrutiny of AI data centres and slow infrastructure spending. The Philadelphia Semiconductor Index crashed 12%. Asian markets also tumbled, with South Korea and Japan witnessing significant losses, reflecting growing global uncertainty over technology valuations and future earnings. (PC: AP)
