Tech stocks tumble, Magnificent 7 loses about $1 trillion

The stock market declining as investors panic at the prospect of even mild forms of accountability really isn’t saying great things about the role of finance in our society. “A few laws might get enforced now” really shouldn’t spark an investor panic, and the fact that it does, regularly, is bad.

Asian chip makers, Texas power producers, New Jersey compute providers, Silicon Valley software makers, contractors and data-center developers all tumbled, often in unison, in a selloff that appeared to feed on itself as the day wore on. www.wsj.com/finance/stoc...

Republicans are already infighting and Big Tech stocks are plummeting? You love to see it. I can't remember the last time we had this much good news.

What the Wall Street Journal knows, but of course won't say, is that AI tech stocks are taking a beating because Democrats will ensure some accountability to the American people, who are strongly against more data centers. The WSJ was hoping Elon's money would silence the democracy.

Stocks plunge as election outcome and AI worries crush tech shares The Nasdaq 100 index dropped 6.3%, erasing $2.3 trillion in market value. The market has ignored the war and everything else, high time they woke up. We do NOT WANT DATACENTERS. www.nbcnews.com/business/mar...

Coming up on #KTLA: In a huge red flag for investors, stocks plunged today as Wall Street realized a Democratic Congress likely means a slowdown in the AI buildout. The Nasdaq is now in correction as traders recalibrate tech valuations

Magnificent 7 loses $1 trillion. The most eye-popping stats from Thursday's tech stock plunge

"The tech-focused Nasdaq 100 index dropped 6.3%, erasing $2.3 trillion in market value, as investors stepped back to evaluate new risks to the billions of dollars in investments that have poured into the AI sector."

Whilst the Dow index closed up, tech stocks were a different matter entirely. Wall Street sheds $3.2tn as Democratic midterm sweep triggers brutal AI rout with Nvidia taking the biggest hit, but Tesla, Microsoft also taking big hits. www.ft.com/content/3d07...

Suprisingly? it’s the WSJ who contextualize today’s dam breaking with a sober account of the industry’s dubious economics while Bloomberg repeatedly tries to tie today’s panic to the market going “AUGH! DEMOCRATS!”

An early reckoning for AI? With the new reins of power in DC and the expanding voter revolt against power-and-water-guzzling data centers, tech stocks dump $2.5t -- yes trillion -- in value in a single day. www.cnn.com/2026/11/05/i...

I don't know who the fuck I just heard speak but he was whining that we 'do not want tech stocks to fail' because apparently we're toast if they do according to him. I'm so sick of this shit man to think I actually had to hear some fuckass dipshit 'they have like 3 billion dollars in debt'

More than $2.5 trillion gone - dusted - bubble finally bursting? www.bbc.co.uk/news/article...

AYOOOO Market took a hell of a dip! Like trillions of dollars of wealth just gone

Only good news — fElon's wallet continues to lighten...as Wall St. knows investigations & regs are coming. "Tesla & SpaceX fell sharply for a 2nd day. The 2 companies are run by the world’s richest person — & R megadonor — & have come under particular focus after the elections." 🎁 t2m.co/8uLTs3d