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2026-11-06 08:42:26
[“Blue Tsunami” Impacts AI Transactions: US and Asian Chip Stocks Plunge, Data Center Regulatory Risks Become Focus] (1) Following the Democratic Party’s landslide victory in the US midterm elections, market concerns about stricter regulations on AI and data centers triggered a continuous sell-off in tech stocks. (2) US stocks plummeted on Thursday: the Nasdaq Composite Index fell 5.5%, the Nasdaq 100 Index fell 6.4%, and the market value evaporated by $2.5 trillion; the S&P 500 component stocks lost about $3 trillion in market value; the Philadelphia Semiconductor Index plunged 12%, Nvidia fell 9%, and AMD fell 17%. (3) Data centers and new cloud service providers suffered heavy losses: CoreWeave fell 10%, and its five-year CDS spread hit a record high; Nebius fell 15%, and Applied Digital, Cipher Digital and IREN all fell by more than 14%; the decline spread to related utilities and equipment suppliers. (4) Analysts say that the slowdown in data center construction may become a persistent theme; UBS estimates that about 30% of the new data center capacity expected in the United States in 2028 may be at risk due to the suspension of construction, and the timing of Anthropic's fall IPO may also be affected. (5) Several Democrats publicly criticized data centers: Sanders called for a nationwide suspension of data centers, and Ansari said it should be the top priority for the House Democratic majority; Andrews, Brown, Shapiro and Texas Governor-elect Hinojosa also advocated for restrictions or suspension of approvals. A CNBC poll showed that 56% of voters listed AI and data centers as key factors in their votes, of which 65% voted for Democrats. (6) Asian markets were under pressure: the Nikkei 225 fell below 60,000 points, down 6.5%, facing the risk of a technical bear market; Samsung Electronics and SK Hynix both fell more than 10% in early trading, dragging down the Kospi by 8.8%, and the exchange once suspended trading for 20 minutes. The Kospi has fallen 46% from its June high. (7) Market sentiment has shifted to panic selling, with the focus shifting from the prospects of AI to the cost of AI; AI remains transformative in the long term, but individual stock pricing faces significant volatility.
