A market crash in AI stocks wipes out $2.9 trillion as Nasdaq falls 5.52%
Photo: The Cryptonomist
An AI stocks market crash erased about $2.9 trillion from listed companies on November 5, 2026, as investors confronted the prospect of tighter data-center regulation after Democrats’ midterm election victories. The Nasdaq Composite fell 5.52% into correction territory, while concerns about returns on massive artificial intelligence investments intensified the selling. Key takeaways The Nasdaq Composite’s 5.52% slide put it in correction territory. Democratic election wins heightened concerns about restrictions on AI infrastructure. Tesla and SpaceX each lost nearly 10%. The sell-off spread to Asian and European markets.
Source: The Cryptonomist
