Urgent.News

What's breaking now, across thousands of outlets.

AI

AI stocks hammered by midterm shock as data center buildout becomes a 'war of attrition'

The election rout landed on an AI trade already under pressure from high interest rates, heavy capital spending and questions about returns.

We haven't written up this one. CNBC Technology has the full story — the link below goes straight to it.

Read the original at cnbc.com →

More in AI

9 tech titans took a $150 billion wealth hit during Thursday's AI stock plunge — with Elon Musk alone losing $80 billion

Elon Musk's net worth tumbled by about $80 billion or 9% in one day as Tesla and SpaceX tumbled, and several of his tech peers took wealth hits too.

  • Nine tech executives lost $150 billion in wealth due to AI stock plunge.
  • Elon Musk lost $80 billion, 9% of his net worth, Tesla and SpaceX shares dropped 11% and 9%.
  • Nasdaq 100 fell 6%, worst single-day decline since COVID-19 pandemic.

More from Friday 6 November →