# Tech stocks crash as AI fears and election results hit

> Tech stocks plummet after election results and AI regulation fears trigger market crash.
- Title: Tech stocks crash as AI fears and election results hit
- Summary: Tech stocks plummet after election results and AI regulation fears trigger market crash.
- Keywords: tech stocks, election results, ai regulation, nasdaq 100, s&p 500, ai data centers, democratic victories, trump election comments, chip stocks, market correction, NBC News
- Source: NBC News — https://nbcnews.com/business/markets/tech-stocks-plunge-ai-midterms-rcna607650
- Author: Steve Kopack
- Published: 2026-11-06T04:19:14.203+00:00
- Read time: 1 min
- Topics: tech stocks, election results, ai regulation, nasdaq 100, s&p 500, ai data centers, democratic victories, trump election comments, chip stocks, market correction, business, finance
## Stock market meltdown
Stocks plummeted Thursday as anti-AI candidates won majorities from Maine to Alaska.
## Nasdaq 100 drops 6.3%
The Nasdaq 100 index dropped 6.3%, erasing $2.3 trillion in market value.
## S&P 500 plunges 4.4%
The S&P 500 plunged 4.4%, erasing $2.8 trillion from the index’s value.
## Market correction territory
The broader Nasdaq Composite fell more than 5.5% and entered correction territory.
## Democratic election wins
Democrats won majorities in key states including Texas, where Gov.-elect Gina Hinojosa is the largest data center market.
## Trump blames Democrats
Trump wrote on Truth Social that stocks suffered one of the worst days in history due to election results.

> The Stock Market suffered one of the Worst Days in History based on the results of the Election. Such a sad thing to watch!
## AI data center regulation fears
Hundreds of candidates pledged to rein in AI data centers, raising regulatory concerns for the industry.
## Chip stocks lead losses
Arm Holdings slid 13% and Qualcomm tumbled 9.5% after weak earnings reports.
## Market reaction in Asia
South Korea’s Kospi index dipped more than 8%, with Samsung and SK Hynix plunging over 10%.
## Key takeaway

Tech stocks plunged 6.3% as election outcomes and AI regulation concerns led to $2.3 trillion in market value erased.