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Wall Street has been rocked by a major tech sell-off, with around $2.5 trillion wiped off the value of the U.S. stock market in a single day. The Nasdaq, which is heavily weighted towards technology companies, plunged 5.5% on Thursday, marking its worst day in 19 months. The sell-off came amid growing fears over the future of AI investment, as well as concerns that recent Democratic election victories could lead to tougher restrictions on data center expansion. The fallout also spread to Asia, w
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Wall Street has been rocked by a major tech sell-off, with around $2.5 trillion wiped off the value of the U.S. stock market in a single day. The Nasdaq, which is heavily weighted towards technology companies, plunged 5.5% on Thursday, marking its worst day in 19 months. The sell-off came amid growing fears over the future of AI investment, as well as concerns that recent Democratic election victories could lead to tougher restrictions on data center expansion. The fallout also spread to Asia, w
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On Monday, American tech giant NVIDIA lost over $190 billion in market value after CEO Jensen Huang admitted to an affair with a woman suspected of being a Chinese spy. Monday's stock slide of 4% has been part of a broader bad month for NVIDIA, which has lost 23% of its market value over the past 30 days due to conern over a potential bubble in AI technologies. Monday's hit however was due to concern that China may now have gained a new advantage against the US in the AI race that the US held pa
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