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AI stocks lose $13.2 trillion in market value after US midterm elections
AI‑related stocks have shed about $13.2 trillion in market value since their 2026 peaks, according to data through November 7. The decline accelerated after the US midterm elections, with the Nasdaq 100 falling 6.4% on November 5 and losing roughly $2.3‑$2.5 trillion in a single session. The VIX jumped 70% that day, one of its largest one‑day gains. Broader US equities have lost about $5.7 trillion since an early‑October peak. Memory stocks are down roughly 60% and AI power stocks about 53% from their 2026 highs.