{
  "id": 18382634,
  "title": "A brutal sell-off for AI stocks sends Wall Street reeling, and the S&P 500 tumbles 4.4%",
  "url": "https://urgent.news/2026/11/05/a-brutal-sell-off-for-ai-stocks-sends-wall-street-reeling-and-the-s-p",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-05T21:56:58.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/world/brutal-sell-ai-stocks-sends-wall-street-reeling-and-sp-500-tumbles-44-6529101"
  },
  "original_language": "en",
  "account": "A devastating sell-off gripped Wall Street on Thursday, November 5, as stocks linked to AI data centre development experienced a major decline. This devastating loss wiped out all of the previous day's gains, which had been the stock market's best in three months. The S&P 500 plummeted by 4.4%, marking its worst day since President Donald Trump's inauguration in April 2025. The Dow Jones Industrial Average dropped by 1,833 points (3.4%), while the Nasdaq composite plummeted by 5.5%. The Nasdaq, heavily populated with AI-related and other tech stocks, fell 11.9% below its all-time high. Stock market experts consider a loss of more than 10% as a \"correction.\" The global markets felt the pressure as companies benefiting from the artificial intelligence technology boom, including those in South Korea, saw their stocks tumble. Critics argued that AI stock prices had become inflated, forming a bubble. Amidst these market turmoil, the US midterm elections added another layer of uncertainty. The Democratic victories raised concerns that governments might impose restrictions on AI data centre construction due to rising electricity costs. The heavy weight on the S&P 500 was the chip company Nvidia, which fell 9.3%, now down 2.6% for the year after annual gains of roughly 39%, 171%, and 239% in the last three years. Other AI chip stocks, such as Advanced Micro Devices (down 17.3%), CoreWeave (down 9.8%), and GE Vernova (down 7.5%), also suffered significant losses. Despite these losses, some companies managed to turn in strong profits, with AppLovin and Tapestry rallying 31% and 7.1%, respectively. However, the overall S&P 500 fell by 334.89 points to 7,353.73, the Dow Jones Industrial Average dropped by 1,833.06 to 51,523.06, and the Nasdaq composite sank by 1,421.52 to 24,315.00.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "SecurityWeek",
        "title": "CrowdStrike Reportedly Paying $495 Million for AI Security Firms Fiddler, Dreadnode",
        "url": "https://urgent.news/2026/11/03/crowdstrike-reportedly-paying-495-million-for-ai-security-firms",
        "published": "2026-11-03T14:12:44.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "CrowdStrike agrees to buy Fiddler AI, which helps monitor AI agents, for ~$400M, and Dreadnode, an automated security AI testing tool, for ~$95M, mostly in cash (James Rundle/Wall Street Journal)",
        "url": "https://urgent.news/2026/11/03/crowdstrike-agrees-to-buy-fiddler-ai-which-helps-monitor-ai-agents",
        "published": "2026-11-03T14:50:01.000Z"
      },
      {
        "outlet": "Qatar Tribune Business",
        "title": "AI-linked stocks drive Wall Street gains as Apple shares slip",
        "url": "https://urgent.news/2026/11/03/ai-linked-stocks-drive-wall-street-gains-as-apple-shares-slip",
        "published": "2026-11-03T21:29:00.000Z"
      },
      {
        "outlet": "SiliconANGLE",
        "title": "CrowdStrike to acquire cybersecurity startups Fiddler AI, Dreadnode for reported $495M",
        "url": "https://urgent.news/2026/11/03/crowdstrike-to-acquire-cybersecurity-startups-fiddler-ai-dreadnode",
        "published": "2026-11-03T23:31:14.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "CrowdStrike to buy Fiddler AI, Dreadnode for $495m",
        "url": "https://urgent.news/2026/11/04/crowdstrike-to-buy-fiddler-ai-dreadnode-for-495m",
        "published": "2026-11-04T03:48:19.000Z"
      },
      {
        "outlet": "Business Insider",
        "title": "Wall Street's rising stars say these skills matter more than ever in the AI era",
        "url": "https://urgent.news/2026/11/05/wall-streets-rising-stars-say-these-skills-matter-more-than-ever-in",
        "published": "2026-11-05T10:28:01.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "AI chip stocks drag Wall Street toward worst day since Trump's tariff announcements in 2025",
        "url": "https://urgent.news/2026/11/05/ai-chip-stocks-drag-wall-street-toward-worst-day-since-trumps-tariff",
        "published": "2026-11-05T16:27:02.000Z"
      },
      {
        "outlet": "The Indian Express",
        "title": "Wall Street slumps as AI stocks tumble, Nasdaq nears correction",
        "url": "https://urgent.news/2026/11/05/wall-street-slumps-as-ai-stocks-tumble-nasdaq-nears-correction",
        "published": "2026-11-05T17:34:37.000Z"
      },
      {
        "outlet": "Global News",
        "title": "AI stock sell-off sends Wall Street reeling and erases midterm rally gains",
        "url": "https://urgent.news/2026/11/05/ai-stock-sell-off-sends-wall-street-reeling-and-erases-midterm-rally",
        "published": "2026-11-05T18:41:09.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Wall Street's fear gauge posts its biggest jump since Liberation Day as AI stocks sell off",
        "url": "https://urgent.news/2026/11/05/wall-streets-fear-gauge-posts-its-biggest-jump-since-liberation-day",
        "published": "2026-11-05T21:10:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}