Stocks plunge amid AI concerns after midterm election
Summary
U.S. stock markets fell sharply on Thursday amid concern that a change in control of Congress after the midterm election could slow data-center construction. Those facilities support artificial intelligence services, and the report focused on worries about AI-related shares.Key Facts
- Stocks plunged on Thursday.
- Investors were concerned that a shift in control of Congress could slow data-center construction.
- Data centers provide infrastructure that powers AI.
- The market decline was linked to concerns about AI shares.
- CBS News reporter Natalia Brand reported on the market drop.
- Jessica Inskip, director of investor research at StockBrokers.com, joined the CBS News report.
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