Nvidia, AMD Plummet as AI Stocks Crash Post-Election

Key Takeaways

• The S&P 500 fell 4.4% during the AI stock sell-off, erasing the previous week's gains
• Nvidia dropped up to 9.3% and AMD fell as much as 17.3% in the sell-off
• Democratic midterm wins raised fears of moratoriums on new data center construction
• OpenAI released new data center commitments covering electricity costs and environmental protection
• AI stocks recovered on Friday with Nvidia climbing between 2.8% and 6.5%
• SugarAI launched sales tools including SugarAdvisors and Smart Prompts for manufacturers and distributors
• Brivo introduced Brivo Reseller MCP, enabling Claude and ChatGPT to query security account data
• China's Kimi model accounts for 89% of open-source AI model spending per Menlo Ventures
• Texas Gov.-elect Gina Hinojosa pledged to halt new data center construction until safeguards exist
• XTM appointed Roger Connolly as Chief Product Officer to lead agentic AI localization strategy

AI stock crash sends Wall Street tumbling as S&P 500 drops 4.4%

A major sell-off in AI-related stocks caused Wall Street to fall sharply. The S&P 500 dropped 4.4%, its worst fall since April 2025. Nvidia fell 8% and AMD tumbled 14%. The drop was driven by fears that AI data center construction may slow due to high borrowing costs and possible government pauses after Democratic midterm election victories.

AI stock crash sends Wall Street into sharp decline

A major sell-off hit Wall Street on Thursday, led by AI data center stocks. The S&P 500 fell 4.4%, the Dow dropped 3.4%, and the Nasdaq fell 5.5%. Nvidia fell 9.3% and AMD tumbled 17.3%. The Nasdaq entered correction territory, falling over 11% from its recent high. Democratic midterm wins raised fears of possible pauses on data center construction.

AI stock wipeout sends Wall Street reeling as S&P 500 plunges

A major sell-off led by AI data center stocks hit Wall Street hard. The S&P 500 fell 4.4%, its worst day since April 2025. The Dow dropped over 1,800 points and the Nasdaq fell 5.5%. The wipeout erased the previous week's gains. AI stocks worldwide felt pressure after Democratic victories in the US midterm elections raised worries about possible moratoriums on data centers.

AI stock crash sends Wall Street tumbling 4.4%

A major sell-off swept through Wall Street on Thursday, hitting AI data center stocks hardest. The S&P 500 fell 4.4%, the Dow dropped 3.7%, and the Nasdaq fell 5.5%. The sell-off followed a Federal Reserve report showing a sharp rise in inflation. AI stocks including NVIDIA and Alphabet plummeted by as much as 15%.

AI stocks recover after global sell-off as US market struggles

AI stocks bounced back on Friday after a brutal two-day sell-off. The S&P 500 rose 1% while Nvidia climbed 6.5%. Global indexes had dropped 6% in Tokyo and 6% in Seoul. The broader US market was mixed. IREN rose 19.1% after strong results, and Lam Research gained 10.9% following a $25 billion share buyback program.

Global shares recover after AI stock sell-off worries

AI stocks bounced back Friday, helping the S&P 500 rise 0.8% and trim its weekly loss to 2.2%. Nvidia led the recovery, climbing 4.1% after earlier drops. Global markets had tumbled this week over fears that Democratic election wins could slow AI data center construction. The Dow was down slightly while the Nasdaq rose 1.4%.

AI stocks halt worldwide sell-off as Wall Street stabilizes

AI stocks recovered from a brutal sell-off while the broader U.S. market was mixed on Friday. The Nasdaq rose 1.4% while the S&P 500 fell 0.2% and the Dow was down 0.1%. The market had suffered its worst week since 2008, with the Nasdaq plummeting 13.4% and the S&P 500 dropping 9.1%. The turnaround followed days of uncertainty over midterm election results.

Worldwide AI stock sell-off halts as Wall Street trims losses

AI stocks stopped their global sell-off on Friday as the S&P 500 rose 0.3% to trim its weekly loss. The Dow dropped 479 points while the Nasdaq rallied 1.2%. Global indexes had fallen sharply, with Tokyo's Nikkei down 6.0% and Seoul's Kospi dropping 6.0%. The Democrats' midterm election wins raised fears of more regulation on AI data centers.

Global shares skid after AI worries send Wall Street tumbling

AI stocks rebounded Friday, helping the S&P 500 rise 0.7% and narrow its weekly loss to 2.3%. Nvidia climbed 3.2% while IREN jumped 18.7% after beating earnings expectations. Lam Research rose 7.8% on a $25 billion stock buyback program. Global indexes had dropped 6% in Tokyo and Seoul after the U.S. market plunge. Axon Enterprise fell 16.6% on weak quarterly results.

AI stocks halt brutal worldwide sell-off as Wall Street trims loss

AI stocks bounced back Friday, recovering from sharp losses earlier in the week. The S&P 500 rose 0.7% while the Nasdaq climbed 1.1% and the Dow dipped 0.5%. Nvidia rose 3.6% as the biggest lift for the S&P 500. IREN jumped 19.4% after strong quarterly results and two new contracts. Axon Enterprise tumbled 17.1% on weaker than expected earnings.

AI stocks recover after worldwide sell-off as Wall Street steadies

AI stocks bounced back Friday after a brutal worldwide sell-off. The S&P 500 rose 0.3% and trimmed its weekly loss to 2.7%. Nvidia led the recovery, climbing 2.8% after dropping 9.3% and 3.2% earlier. Indexes in Tokyo and Seoul fell 6% following Thursday's U.S. market plunge. The Dow fell 237 points while the Nasdaq climbed 1.1%.

AI stocks halt worldwide sell-off as Wall Street trims weekly loss

AI stocks recovered Friday after a major sell-off that had caused a worldwide tumble. The S&P 500 rose 0.3%, trimming its weekly loss to 2.7%, its worst since Trump's Liberation Day tariffs in April 2025. The Dow dropped 237 points while the Nasdaq climbed 1.1%. Nvidia led the recovery, and stocks tied to AI data centers rebounded after fears of Democratic statehouse victories slowing construction.

AI stocks halt worldwide sell-off as Wall Street trims weekly loss

AI stocks bounced back Friday, recovering from earlier losses. The S&P 500 rose 0.3% and trimmed its weekly loss. Nvidia climbed 3.6% after prior drops of 9.3% and 3.2%. IREN's stock jumped 19.4% on stronger quarterly results. Lam Research rose 8.5% after announcing up to $25 billion in stock buybacks. Axon Enterprise fell 17.1% on weak results and a $1.2 billion investment in Skydio. The Dow fell 0.5% while the Nasdaq rallied 1.1%.

SugarAI launches AI tools to sharpen sales actions

SugarAI introduced new AI tools for sales teams including SugarAdvisors, Smart Prompts, Sugar Cube, AI Analytics and Mobile Smart Notes. The tools link CRM and ERP data to help sellers identify account risks and revenue opportunities. SugarAI targets manufacturers and distributors, citing research that 96% say limited precision in sales contributes to missed growth. The company reports sellers now handle an average of 86 accounts each.

Brivo launches AI tool for security systems resellers

Brivo launched Brivo Reseller MCP, the first Model Context Protocol server for security systems integrators. It lets resellers connect AI assistants like Claude, ChatGPT and Gemini to Brivo account data for natural language queries. A private beta for a separate end user Brivo MCP was also opened. The first release is read-only, allowing resellers to review information and generate reports, support tickets and quotes without changing settings.

AI stocks fall as investors worry about data center delays

Tech stocks dropped on Friday as investors feared political gridlock could slow AI infrastructure and data center growth. The S&P 500 fell 1.4%, the Nasdaq dropped 2.1%, and the Dow declined 1.3%. NVIDIA fell 4.4% and Micron dropped 5.1%. Analysts said the tech sector is highly sensitive to political changes and trade tensions between the US and China.

Nasdaq suffers worst day in 18 months amid AI stock concerns

The Nasdaq composite fell 4.8% to 10,362.71, its worst day since May 2022. The Dow dropped 2.1% and the S&P 500 fell 3.9%. Investors worried that AI stock growth was unsustainable and that valuations were not supported by real metrics. Many AI companies are still in early development stages, raising concerns about a market correction.

XTM names Roger Connolly as Chief Product Officer for AI strategy

XTM appointed Roger Connolly as Chief Product Officer to lead its agentic AI localization strategy. Connolly previously served as CPO at Sitecore, where he launched the company's agentic AI platform. He will oversee XTM IQ, aiming to build the leading agentic platform for enterprise localization. Connolly brings over 20 years of experience in enterprise software and will be based in Columbus, Ohio.

Wall Street experts split on whether the AI trade is over

Wall Street voices are divided on the future of AI stocks after a major selloff on November 5. Bulls believe AI demand is simply delayed and lower prices offer a buying opportunity. Bears warn that AI spending could stop suddenly with nothing to replace it. Analysts suggest watching data center commitments, state-level permitting, and market breadth to determine which side is correct.

China's AI models dominate open-source enterprise spending

Chinese AI models, led by Kimi, account for 89 percent of spending on open-source AI models according to a report by Menlo Ventures. However, spending on open-source models remains small compared to spending on proprietary models. The report highlights China's growing influence in the open-source AI space despite the dominance of proprietary alternatives.

New Reshard collective speeds up AI weight updates

Reinforcement learning post-training needs frequent weight updates on inference GPUs. The Reshard collective is a new communication method designed to speed up this process. NCCL M2N Reshard is an open source reference implementation now available for AI training frameworks.

Voters back data center rules as AI faces political pushback

Concern over AI and data center construction shook investors and the stock market. Voters passed measures supporting candidates who wanted stricter data center regulation. Texas Gov.-elect Gina Hinojosa defeated Greg Abbott and pledged to halt new data center construction until better safeguards exist.

Salem Reporter joins AI newsroom innovation program

Salem Reporter was chosen with 11 other local news organizations for a new AI program. The Local Media Association and Google News Initiative run the six-month initiative from November through April. It trains newsrooms to use artificial intelligence to improve efficiency, reach more audiences, and grow revenue.

Midterm election results shake up AI and data center future

Lawmakers are still figuring out new legislation after midterm election results. OpenAI released new data center commitments covering electricity costs and environmental protection plans. Democrats in the incoming congressional majority push for a one-year moratorium on new data center construction. Voters also approved local ballot measures to delay or ban new data centers over noise and rising utility rates.

Sources

• Huge AI stock selloff sends Wall Street reeling as S&P 500 tumbles 4.4%
• A brutal sell-off for AI stocks sends Wall St reeling
• Wipeout for AI stocks sends Wall Street reeling, and the S&P 500 tumbles more than 3%
• A brutal sell-off for AI stocks sends Wall Street reeling, and the S&P 500 tumbles 4.4%
• The worldwide sell-off for AI stocks halts, but other U.S. stocks struggle
• Global shares skid after AI worries send Wall Street tumbling
• AI stocks halt their brutal, worldwide sell-off as Wall Street trims its loss for the week
• AI stocks halt their brutal, worldwide sell-off as Wall Street trims its loss
• Global shares skid after AI worries send Wall Street tumbling
• AI stocks halt their brutal, worldwide sell-off as Wall Street trims its loss for the week
• AI stocks halt their brutal, worldwide sell-off as Wall Street trims its loss for the week
• AI stocks halt their brutal, worldwide sell-off; Wall Street trims loss for the week
• THE CLOSING BELL: AI stocks halt their brutal, worldwide sell-off as Wall Street trims its loss for the week
• SugarAI launches AI tools to sharpen sales actions
• Brivo launches AI tool for security systems resellers
• AI stocks tumble as investors fear data center delays
• Stock Market Today, Nov. 5: Nasdaq Suffers Worst Day in 18 Months as AI Trade Comes Under Fire
• XTM Appoints Roger Connolly as Chief Product Officer to Lead Its Agentic AI Strategy
• Wall Street's Loudest Voices Split on Whether the AI Trade Is Finished
• China’s AI models, led by Kimi, rule open-source enterprise spending
• Accelerating Reinforcement Learning Weight Refit with the Reshard Collective
• AI data center backlash fuels votes for change and sharp stock market swings
• Salem Reporter joins nationwide cohort building AI solutions for newsrooms
• Future of data centers in question as Midterm Election results slam AI industry