• November 6, 2026
Blue Wave Crash: AI Stocks Erase $2.5 Trillion in a Day as Democratic Midterm Sweep Sparks Regulation Fear

A Democratic “blue wave” in the US midterms triggered AI’s Black Thursday: the Nasdaq plunged 5.5% — its worst day in 19 months — entering correction as the Nasdaq 100 erased $2.5 trillion in value. Nvidia sank 9%, with CEO Jensen Huang’s fortune down $15.1 billion in a day, falling out of the global top 10. Investors fear tighter AI regulation and a slowing data center buildout under a Democrat-controlled Congress; UBS estimates 30% of expected 2028 US data center capacity is at risk. The rout spread to Asia — Kospi hit a circuit breaker, Nikkei entered a technical bear market, and CoreWeave’s default-risk gauge hit a record. Political risk is now officially priced into AI stocks.