Stocks Fall on AI Rules

U.S. stocks plunged Thursday, with the Dow falling about 2.25%, the S&P 500 about 4% and the Nasdaq 5.2%, pushing the Nasdaq into correction territory. AI and chip stocks led the sell-off: Nvidia fell about 8%, while the Philadelphia Semiconductor Index dropped more than 9%. Investors reassessed the AI boom amid concerns that Democratic midterm victories could bring restrictions on data center construction, making the infrastructure buildout slower and more expensive.

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