$2.5 TRILLION WIPED OFF US STOCK MARKETS OVER AI FEARS - TRAK . IN - INDIAN BUSINESS OF TECH , MOBILE & STARTUPS

What happened: Shares of SpaceX, Tesla and major AI and chip stocks fell on November 5 after Democratic midterm victories raised concerns that data centre expansion could slow. Key numbers: SpaceX fell nearly 9%, Tesla more than 11%, Nvidia around 9%, AMD and Micron more than 17% at points, and the Philadelphia Semiconductor Index more than 12%. Why it matters: Investors fear stricter local rules could delay or cancel AI infrastructure projects, and analysts believe the political shift could make regulatory approval of a potential Tesla-SpaceX merger more challenging in 2027.

Shares of SpaceX, Tesla and major AI and chip stocks fell on November 5 after Democratic midterm victories raised concerns that data centre expansion could slow.

Investors fear stricter local rules could delay or cancel AI infrastructure projects, and analysts believe the political shift could make regulatory approval of a potential Tesla-SpaceX merger more challenging in 2027.