{"id":86505,"date":"2026-11-06T07:00:09","date_gmt":"2026-11-06T12:00:09","guid":{"rendered":"https:\/\/stateofthenation.info\/?p=86505"},"modified":"2026-11-06T07:00:09","modified_gmt":"2026-11-06T12:00:09","slug":"global-tech-stocks-plunge-as-us-ai-slowdown-fears-spread-to-asia-and-europe-markets","status":"publish","type":"post","link":"https:\/\/stateofthenation.info\/?p=86505","title":{"rendered":"<h2><b>Global tech stocks plunge as US AI slowdown fears spread to Asia and Europe markets<\/b><\/h2>"},"content":{"rendered":"<p><!--more--><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-86506\" src=\"http:\/\/stateofthenation.info\/wp-content\/uploads\/2026\/11\/Screenshot-2026-11-06-at-6.59.53-AM.png\" alt=\"\" width=\"589\" height=\"731\" srcset=\"https:\/\/stateofthenation.info\/wp-content\/uploads\/2026\/11\/Screenshot-2026-11-06-at-6.59.53-AM.png 589w, https:\/\/stateofthenation.info\/wp-content\/uploads\/2026\/11\/Screenshot-2026-11-06-at-6.59.53-AM-242x300.png 242w\" sizes=\"auto, (max-width: 589px) 100vw, 589px\" \/><\/p>\n<h2 class=\"ssrcss-89o2pv-Heading e10rt3ze0\">Summary<\/h2>\n<div class=\"ssrcss-1j5tsvw-EditorialTextWrapper edl49zf2\" data-testid=\"test-election-component-editorial-text\">\n<div class=\"ssrcss-1gccci3-Stack e1y4nx260\">\n<div class=\"ssrcss-nqezkk-RichTextContainer e5tfeyi1\">\n<div class=\"ssrcss-2st5ed-ListContainer e5tfeyi0\">\n<ul role=\"list\">\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The value of tech stocks has plummeted around the world amid fears of a slowdown in AI development<\/p>\n<\/li>\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">It comes after the US midterm elections, won by the Democrats, where data centres became a key issue for voters &#8211; <a class=\"ssrcss-1e0jzsh-InlineLink e1kn3p7n0\" href=\"https:\/\/www.bbc.co.uk\/news\/live\/cq62yy619r5dt?post=asset%3A83dc683e-2347-4417-bedf-560997cab11b#post\">BBC Verify looks at polling data<\/a><\/p>\n<\/li>\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><i>Tech bosses and investors have dominated the AI narrative for so long &#8211; could voters now prove to be the pin that bursts the bubble, <\/i><a class=\"ssrcss-1e0jzsh-InlineLink e1kn3p7n0\" href=\"https:\/\/www.bbc.co.uk\/news\/live\/cq62yy619r5dt?post=asset%3A76a15550-3b6c-4094-a0ea-857015fd1e2e#post\"><i>asks our technology and AI editor<\/i><\/a><\/p>\n<\/li>\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The Nasdaq index, of the largest tech firms listed in the US, was down by more than 5.5% on Thursday; Japan&#8217;s Nikkei 225 was down 6.3% earlier; and <a class=\"ssrcss-1e0jzsh-InlineLink e1kn3p7n0\" href=\"https:\/\/www.bbc.co.uk\/news\/live\/cq62yy619r5dt?post=asset%3A83b1f581-3288-45d6-a12d-acfbdac87726#post\">the UK&#8217;s FTSE 100 index has fallen by 1.6%<\/a><\/p>\n<\/li>\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Despite its dramatic drop, Nasdaq is still higher now than it was last November and 4.6% above its position at the start of the year &#8211; <a class=\"ssrcss-1e0jzsh-InlineLink e1kn3p7n0\" href=\"https:\/\/www.bbc.co.uk\/news\/live\/cq62yy619r5dt?post=asset%3Ae75164ae-22ce-48b3-8ae2-4eff3ceef9a7#post\">take a look at this chart<\/a><\/p>\n<\/li>\n<li>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><a class=\"ssrcss-1e0jzsh-InlineLink e1kn3p7n0\" href=\"https:\/\/www.bbc.co.uk\/news\/live\/cq62yy619r5dt?post=asset%3A37b1ae40-e654-4d49-9565-1f6f6c04257f#post\">Tudor Brown, a UK tech founder, tells the BBC<\/a> there were &#8220;jitters&#8221; around &#8220;infinite AI growth&#8221; before the midterms. He says there&#8217;s &#8220;a lot of money still being made in these companies and we&#8217;ll start to see it coming back a bit&#8221;<\/p>\n<\/li>\n<\/ul>\n<figure class=\"ssrcss-hc6arm-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1f0v4qr-Placeholder etlorgc0\"><img loading=\"lazy\" decoding=\"async\" class=\"ssrcss-egie1y-Image edrdn950\" src=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/640\/cpsprodpb\/vivo\/live\/images\/2026\/11\/6\/d6e73c86-61f2-4f00-8652-8025fbcc6984.jpg.webp\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/vivo\/live\/images\/2026\/11\/6\/d6e73c86-61f2-4f00-8652-8025fbcc6984.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/vivo\/live\/images\/2026\/11\/6\/d6e73c86-61f2-4f00-8652-8025fbcc6984.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/vivo\/live\/images\/2026\/11\/6\/d6e73c86-61f2-4f00-8652-8025fbcc6984.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/vivo\/live\/images\/2026\/11\/6\/d6e73c86-61f2-4f00-8652-8025fbcc6984.jpg.webp 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/vivo\/live\/images\/2026\/11\/6\/d6e73c86-61f2-4f00-8652-8025fbcc6984.jpg.webp 800w\" alt=\"Elon Musk\" width=\"1000\" height=\"562\" \/><\/span><span class=\"ssrcss-tzgxt7-StyledFigureCopyright e34k3c20\" role=\"text\"><span class=\"visually-hidden ssrcss-i2z2ig-VisuallyHidden e16en2lz0\">Image source,<\/span>Reuters<\/span><\/div>\n<\/figure>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">As we&#8217;ve been reporting, a number of Democrats <a class=\"ssrcss-1e0jzsh-InlineLink e1kn3p7n0\" href=\"https:\/\/www.bbc.co.uk\/news\/live\/cq62yy619r5dt?post=asset%3A853ef3c3-ece8-44b6-abd7-e3dab7631ac3#post\">campaigned on reining in the acceleration of AI<\/a> and the rapid construction of data centres in the recent midterm elections.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Tesla and SpaceX boss Elon Musk &#8211; who has long invested in AI products &#8211; poured cash into Republican campaigns. He spent nearly $450m (\u00a3334m) &#8211; more than anyone has ever spent in an election cycle &#8211; on backing Republican political candidates.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">This includes millions he spent supporting the losing Republican candidate in the Senate race in Texas, Ken Paxton &#8211; the state is home to the corporate headquarters of both SpaceX and Tesla.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Texas&#8217;s new governor-elect, Democrat Gina Hinojosa, has called for a ban on approvals for building new data centres in the state until at least January.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;Data centers in space looking pretty appealing right now,&#8221; Musk wrote on X on Wednesday. Stocks in both SpaceX and Tesla were among those falling on Thursday.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">A former close colleague of Musk&#8217;s at Tesla, Peter Bardenfleth-Hansen, says it has &#8220;been an expensive couple of days&#8221; for his old boss.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He tells BBC Radio 4&#8217;s Today programme: &#8220;He&#8217;s definitely paying the price for again being so closely associated with Trump.&#8221;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>____<br \/>\n<a href=\"https:\/\/www.bbc.com\/news\/live\/cq62yy619r5dt\">https:\/\/www.bbc.com\/news\/live\/cq62yy619r5dt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-86505","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts\/86505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86505"}],"version-history":[{"count":1,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts\/86505\/revisions"}],"predecessor-version":[{"id":86507,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=\/wp\/v2\/posts\/86505\/revisions\/86507"}],"wp:attachment":[{"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}