{
  "id": 18391662,
  "title": "Nasdaq posts biggest daily drop in 19 months on fears of AI regulations",
  "url": "https://urgent.news/2026/11/05/nasdaq-posts-biggest-daily-drop-in-19-months-on-fears-of-ai-18391662",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-05T22:08:04.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/11/06/nasdaq-posts-biggest-daily-drop-in-19-months-on-fears-of-ai-regulations"
  },
  "original_language": "en",
  "account": "The Nasdaq Composite experienced its largest daily decline since April 2025, dropping more than 10% from its October 6 record high. This sharp correction came as chipmakers faced concerns over potential stricter AI regulation following Democrats' control of the US Congress. Nvidia's shares dropped over 9%, while the Philadelphia Semiconductor index declined over 12%. The market witnessed a loss of $3 trillion in stock value from S&P 500 companies. Melissa Brown, global head of investment decision research at SimCorp, noted that while a slowdown in AI infrastructure development might be concerning, it is unlikely to halt the growth altogether. The index confirmed a technical correction, a 10% drop from its October 6 peak. Major tech stocks like Meta Platforms, Amazon.com, and Alphabet also faced declines, while data center companies such as IREN and Applied Digital fell more than 14%. The S&P 500 closed at 7,353.73 points, down 4.36%, and the Dow Jones Industrial Average fell to 51,523.06 points, down 3.44%.",
  "summary": "Democratic victories on Tuesday raised concerns that tighter regulations could slow AI infrastructure expansion, which has helped drive stocks to record highs this year, amid growing opposition to data centres.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "US stocks: Nasdaq posts biggest daily drop in 19 months on fears of AI regulations",
        "url": "https://urgent.news/2026/11/05/us-stocks-nasdaq-posts-biggest-daily-drop-in-19-months-on-fears-of-ai",
        "published": "2026-11-05T21:52:06.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Nasdaq posts biggest daily drop in 19 months on fears of AI regulations",
        "url": "https://urgent.news/2026/11/05/nasdaq-posts-biggest-daily-drop-in-19-months-on-fears-of-ai",
        "published": "2026-11-05T22:07:49.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Investors wipe US$2.5 trillion off Nasdaq as blue tsunami prompts AI fears",
        "url": "https://urgent.news/2026/11/06/investors-wipe-us-2-5-trillion-off-nasdaq-as-blue-tsunami-prompts-ai-18412519",
        "published": "2026-11-06T00:40:06.000Z"
      }
    ]
  },
  "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."
}