This Canadian tech stock is getting crushed as AI sell-off spreads across the mark

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• Nasdaq drops into correction territory — here’s what typically happens next

  Investors aggressively dumped technology shares following a Democratic sweep of Congress and a Texas gubernatorial victory centered on restricting data center construction. The political developments sparked intense worries over the future expansion of artificial intelligence infrastructure, hitting semiconductor assets especially hard. Historical data, however, suggests the index frequently stages a meaningful multi-month rebound after entering such declines.

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• After-Hours Movers: NET, TEAM, FIVN, ABNB, DKNG, AFRM, LRCX, MCHP, AAOI, IREN, AXON

  Market participants tracked significant price fluctuations across multiple equity sectors following the close of regular exchange trading. The designated group of companies experienced notable volatility driven by extended-session volume. Investors are assessing these post-market shifts to prepare for potential momentum swings during the upcoming full session.

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• IRS unveils higher capital gains tax brackets for 2027

  Federal tax authorities are expanding limits on multiple key tax provisions to help offset persistent consumer inflation across gasoline, groceries, and housing. These adjustments give investors and general taxpayers higher thresholds before they encounter elevated federal levies. Consequently, individuals managing assets held longer than a year will need to incorporate the new thresholds into their rebalancing strategies.

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