MercoPress reported that major technology companies saw their shares drop sharply on Wall Street on Thursday, followed by declines in Asian markets on Friday. The sell-off erased hundreds of billions of dollars in market value, driven by concern about the impact of the Democratic victory in the US midterm elections. Investors worried the result could slow the expansion of data centres and artificial intelligence, and the group known as the magnificent seven, including Apple, Nvidia and Tesla, lost a trillion dollars together in a single session, according to the BBC.
Source: MercoPress.
