AI Deals Hit by Sell-Off, Nasdaq Loses $2.5 Trillion in Market Value in a Single Day AI deals faced selling pressure, causing a broad sell-off in tech stocks, with the Nasdaq losing approximately $2.5 trillion in market value in a single day. Following the US midterm elections, the rise of political forces opposing the unchecked expansion of AI, coupled with weaker-than-expected earnings from tech giants and uncertainties surrounding the data center construction outlook, led to the sell-off in AI deals. (Source: Jinshi Data)