Dan Ives says the post-midterm tech selloff is overdone
Photo: Crypto Briefing
The Wedbush-turned-Yorkville Ives analyst argues AI spending will keep flowing even as Democratic gains rattle chip stocks Dan Ives of Yorkville Ives says the selloff in tech stocks after the 2026 US midterm elections is overdone, because AI investment will continue regardless of who controls Congress. The midterms on November 4, 2026, delivered Democratic control of both the House and the Senate. Markets did not take the news calmly. On November 5, the Nasdaq Composite fell between 3.7% and 5.5% intraday. The S&P 500 dropped somewhere between 2.1% and 4.4% over the same stretch. Semiconductors led the decline.
Source: Crypto Briefing
