AI-linked sell-off drives sharp Wall Street losses

AI · First reported 5 Nov, 21:31 · Updated 22:10

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

Stocks tied to AI data-centre construction led a broad market decline, as investors weighed borrowing costs and the possibility of government pauses on new data centres. The S&P 500 fell 4.4%, while a few companies rose after reporting stronger-than-expected results.

The S&P 500 dropped 4.4%, its worst session since April 2025; the Dow fell 3.4% and the Nasdaq fell 5.5%.
AI-linked shares came under pressure amid concerns about borrowing costs and the prospect of governments pausing data-centre construction after Democratic victories in the U.S. midterm elections.
Nvidia fell 9.3% and AMD fell 17.3%; AppLovin rose 31% after reporting revenue and profit above analysts’ expectations.

Summary written by Lux AI from 2 articles

Key facts

S&P 500: Down 4.4% to 7,353.73
Dow Jones Industrial Average: Down 1,833 points, or 3.4%
Nasdaq Composite: Down 5.5%; 11.9% below its all-time high set the previous month
Nvidia: Down 9.3%
AppLovin: Up 31% after reporting revenue and profit above analysts’ expectations