Nasdaq Loses $2.5 Trillion in One Day as Democratic Wins Put AI Data Centers on Notice

TLDR The Nasdaq Composite fell 5.5% on Thursday, its biggest one-day drop since April 2025. Democrats won big in the midterms after many campaigned against data centers. Sen. Bernie Sanders called for a national data center moratorium. Chip, cloud and data center stocks fell sharply, and CoreWeave credit spreads hit a record. UBS said about 30% of expected 2028 US data center additions could face pauses. The Nasdaq Composite fell 5.5% on Thursday, its biggest one-day drop since April 2025. Investors sold technology shares after Democrats won big in the US midterm elections. The Nasdaq 100 dropped 6.4%, which erased $2.5 trillion in market value. The Nasdaq Composite is now in correction territory, down nearly 12% from its record close on October 6.

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