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Democrats Midterm Win Triggers Tech Stock Rout

Democratic midterm gains sparked a tech stock selloff as investors fear stricter regulations on AI infrastructure. The Nasdaq fell 5.56 percent following Democratic victories nationwide.

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Supporters celebrate Democratic gubernatorial candidate Gina Hinojosa win after Texas Governor Greg Abbott conceded the race during the US midterm elections, near the Texas Capitol in Austin, Texas, US, November 3, 2026. REUTERS/Kaylee Greenlee

The tech-heavy NASDAQ Composite tumbled 5.56% on Thursday following a sweeping Democratic midterm victory in the United States, marking its steepest drop in 19 months.