Tech bellwethers drove broad market losses, with Advanced Micro Devices sliding over 17 percent and Nvidia acting as the single heaviest drag on major indexes. Concerns regarding AI sector sustainability quickly traveled abroad, dragging international benchmarks like South Korea's Kospi down by more than 5 percent. Bucking the downward momentum, select companies including AppLovin and Tapestry advanced on robust corporate earnings reports.
Key points
Political developments and election outcomes have introduced risks of government pauses o…: Political developments and election outcomes have introduced risks of government pauses on future data center construction.
Persistent worries surrounding elevated borrowing costs and artificial intelligence marke…: Persistent worries surrounding elevated borrowing costs and artificial intelligence market valuations are fueling widespread tech sector corrections.
Strong individual corporate earnings can still provide resilience against severe macro-dr…: Strong individual corporate earnings can still provide resilience against severe macro-driven market sell-offs.
Sources checked by our analysis pipeline: 1
NEW YORK: A brutal sell-off swept through Wall Street Thursday (Nov 5), led by stocks tied to the buildout of AI data centres. The wipeout more than erased the US stock market’s gain from the day before, which was its best in three months.
The S&P 500 fell 4.4 per cent for its worst day since President Donald Trump shook markets worldwide in April 2025 with his “Liberation Day” tariffs. The Dow Jones Industrial Average sank 1,833 points, or 3.4 per cent, while the Nasdaq composite tumbled 5.5 per cent.
The Nasdaq, which is full of AI-related and other tech stocks, sank 11.9 per cent below its all-time high set last month. Stock geeks call a loss of more than 10 per cent a “correction.”
Stock markets around the world felt pressure from continued drops for companies that had benefited from the boom in the artificial-intelligence technology industry, and South Korea’s Kospi index tumbled 5.3 per cent. Such stocks have been swinging for months on worries that the construction of further AI data centres may slow because of how expensive…
Princeton-based Value Aligned Research Advisors is navigating severe market turbulence tied to crowded, leveraged artificial intelligence wagers. Mounting investor skepticism regarding corporate debt and actual returns on AI models has triggered broad tech sell-offs and forced margin adjustments across exposed portfolios. Even after this steep autumn retreat, the firm's Class C shares have preserved double-digit positive returns year to date.
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