StocksMedium•5 November 2026•
1 min read
US Stocks Plunge as AI Sector Leads Broad Market Selloff
Key Facts
1The Dow Jones Industrial Average dropped 1,146 points, or 2.1%, amid growing concerns regarding spending on AI data centers.
2The Nasdaq fell 5% and the S&P 500 declined 3.2% during the session.
The Dow Jones Industrial Average dropped 1,146 points, or 2.1%, amid growing concerns regarding spending on AI data centers. 41NBC News reported that the Nasdaq composite fell 5% and the S&P 500 declined 3.2% during the session.
The selloff was driven by a retreat in companies that benefited from the artificial intelligence boom as investors weigh the high capital expenditure required for data centers. In global markets, Japan’s Nikkei 225 felt the impact of tech declines, sinking 1.8%, while South Korea’s Kospi index tumbled 5.3%.