
A dramatic sell-off in technology stocks that erased trillions of dollars in market value sparked concerns about artificial intelligence investment across global financial markets. The Nasdaq index, heavily weighted toward tech companies, fell 5.5% on Thursday before recovering modestly on Friday with a 1.1% gain. Investors had been liquidating shares of AI and semiconductor firms partly because a Democratic election victory raised expectations for stricter regulation of AI development and data centers, potentially slowing industry expansion and profitability.
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