United States of America: โก๏ธ๐บ๐ธ๐ Yesterday Wall Street burned about 2.5 trillion dollars of m...

โก๏ธ๐บ๐ธ๐ Yesterday Wall Street burned about 2.5 trillion dollars of market capitalization in the technology sector. Nvidia fell 9.3%, AMD 17.3% and Broadcom 10%, while the Nasdaq dropped 5.52%, the S&P 500 4.36% and the Dow Jones 3.44%.
๐ป The sellโoff was triggered by the Democratsโ victory in the midterm elections, which weakened the Republicans and fueled fears of new restrictions on data centers and AI infrastructure.
๐ป Doubts also weighed on the sustainability of the enormous investments in artificial intelligence, with companies spending billions of dollars to build data centers without guarantees of returns proportional to the capital invested.