First Thing: Global tech stocks wobble over AI regulation fears after midterms
Anticipation that Democrats’ ‘blue wave’ will lead to tighter rules on AI and datacenters sends tech stock plunging. Plus a big eight-legged surprise for customs officials in Peru Good morning. Stock markets around the world have fallen sharply as a rout in US tech stocks spread across the Atlantic after the Democrats’ midterms victory led to fears of a slowdown in the AI industry. A sell-off on…
Global technology stocks experienced volatility following the midterms, with fears of increased regulation in the AI sector. The Nasdaq, which had its worst day in 19 months, plunged 5.5% on Thursday. Investors are concerned that the build-up of data centers could slow down, potentially undermining the spending boom and causing uncertainty about returns on significant investments.
Additionally, a major eight-legged surprise occurred in Peru, where customs officials seized over 3,000 tarantulas hidden inside dirty socks at an airport.
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