Could the AI bubble burst after Democrats' midterms sweep? - The Latest

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The Guardian

Could the AI bubble burst after Democrats' midterms sweep? - The Latest

Global tech stocks have plunged after the Democrats’ victory in the US midterm elections, with fears of a slowdown in AI development. Major tech corporations including Apple, Tesla and Nvidia shed about $1tn in a single trading session. Is this stock market jitters, or a sign the AI bubble might be about to burst? Lucy Hough speaks to senior economics correspondent Richard Partington Continue reading...