Extinction events, data centre dramas and the US midterms: Why AI stocks lost trillions in one day
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Extinction events, data centre dramas and the US midterms: Why AI stocks lost trillions in one day
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Trillions of dollars have been wiped off the value of tech companies after investors rushed to sell their shares.
It was triggered by the Democratic victories in the US midterms - and fears the party would slam the brakes on data centres and AI development.
But there are other long-term factors that are giving investors the jitters.
Sky's economics and data editor Ed Conway takes a look at the structural problems in the AI sector.
AI sell-off latest: https://news.sky.com/story/midterms-trump-latest-live-house-senate-democrats-republicans-win-13575072
#ai #artificialintelligence #globaleconomy #nasdaq #stockmarket #elonmusk
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It was triggered by the Democratic victories in the US midterms - and fears the party would slam the brakes on data centres and AI development.
But there are other long-term factors that are giving investors the jitters.
Sky's economics and data editor Ed Conway takes a look at the structural problems in the AI sector.
AI sell-off latest: https://news.sky.com/story/midterms-trump-latest-live-house-senate-democrats-republicans-win-13575072
#ai #artificialintelligence #globaleconomy #nasdaq #stockmarket #elonmusk
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on X: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Why not listen to one of our podcasts? This is Why, available for free here: https://podfollow.com/thisiswhy or Ed Conway's Stuff Matters, available here: https://podfollow.com/stuff-matters
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
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