WORST NASDAQ DAY SINCE COVID WAS ALL ABOUT DATA CENTRES | LIVE WIRE

What happened: The Nasdaq 100 had its worst day since March 2020 on Thursday, with chips leading the decline amid fears about data centres after the Democrats won the mid-terms. Key numbers: Composite fell about 5.5 percent to 24,315, more than 10 percent below the October 6 record. Why it matters: The content ties the selloff to concern that the election result could put brakes on energy hungry projects, with the argument that no building means no chip orders. Nvidia earnings later this month now carry about ten times the pressure they did a fortnight ago.

The Nasdaq 100 had its worst day since March 2020 on Thursday, with chips leading the decline amid fears about data centres after the Democrats won the mid-terms.

The content ties the selloff to concern that the election result could put brakes on energy hungry projects, with the argument that no building means no chip orders. Nvidia earnings later this month now carry about ten times the pressure they did a fortnight ago.