Business
AI stocks climb after trillions wiped from market values
Investors had been selling off tech shares in part due to concerns the Democrat election victory would mean slower AI development.
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Trillions
World
Tech giants lose $1 trillion in one day after Democrats victory in midterms
Trillions of dollars have been wiped off the stock value of major tech firms in the US, Europe and Asia. Investors appear worried about the possibility of an AI slowdown and tougher regulation as Democrats won the midterms in the US. Some of the Democratic candidates had expressed their opposition to the data centres that are needed to power AI technology.