{"id":885,"date":"2026-11-06T21:14:47","date_gmt":"2026-11-06T21:14:47","guid":{"rendered":"https:\/\/bugleblast.com\/?p=885"},"modified":"2026-11-06T21:14:47","modified_gmt":"2026-11-06T21:14:47","slug":"nasdaq-ai-panic-midterms-tech-rout-friday","status":"publish","type":"post","link":"https:\/\/bugleblast.com\/?p=885","title":{"rendered":"WALL STREET JUST TORCHED THE AI TRADE! | Nasdaq sank ~5.5\u20136.3% as Democrats\u2019 blue wave and data-center backlash rattled tech \u2014 Asia followed the bloodbath"},"content":{"rendered":"<p>THE AI TRADE JUST GOT TORCHED! U.S. stocks cratered Thursday as a Democratic midterm blue wave and pledges to slow AI data-center builds collided with soft chip earnings and AI valuation jitters, <a href=\"https:\/\/www.theguardian.com\/business\/live\/2026\/nov\/06\/global-stocks-tumble-ai-panic-markets-democrats-midterms-success-jobs-oil-dollar-latest-news-updates\">The Guardian<\/a> and <a href=\"https:\/\/www.nbcnews.com\/news\/us-news\/stocks-blue-wave-ai-construction-trump-arch-morning-rundown-rcna607801\">NBC News<\/a> reported.<\/p>\n<p>Guardian tallies: Nasdaq <strong>\u22125.5%<\/strong>, Dow <strong>\u22121,833.06<\/strong> points (\u22123.44%), S&amp;P 500 <strong>\u22124.36%<\/strong> \u2014 more than <strong>$3.2 trillion<\/strong> wiped off U.S. markets. NBC put Nasdaq\u2019s plunge at <strong>6.3%<\/strong> (about <strong>$2.3tn<\/strong> of market value) and the S&amp;P at <strong>\u22124.4%<\/strong> (about <strong>$2.8tn<\/strong>), calling both the worst single-day losses since the April 2025 tariff shock. Memory chips led the carnage: SanDisk <strong>\u221222%<\/strong>, Micron and AMD <strong>\u221217%<\/strong>; Nvidia led Dow fallers, down over <strong>9%<\/strong>.<\/p>\n<p>Asia opened into the bloodbath Friday: Japan\u2019s Nikkei ~<strong>\u22126%<\/strong> (worst since April 7, 2025), South Korea\u2019s KOSPI <strong>\u22126.7%<\/strong>, Taiwan\u2019s TAIEX <strong>\u22124.5%<\/strong>, Guardian reported. Drivers piled on: anti-AI\/data-center pledges from newly empowered Democrats, soft Qualcomm and Arm reports, and louder doubts that AI spend will pay off.<\/p>\n<p>Friday\u2019s U.S. October jobs report cut against the panic tape: nonfarm payrolls <strong>+165,000<\/strong> (vs. ~65k forecast), unemployment <strong>4.1%<\/strong> from 4.2%, September revised to <strong>60,000<\/strong> from 29,000. President Trump blamed Democrats on Truth Social. Elon Musk\u2019s paper wealth is down about <strong>$113 billion<\/strong> since the midterms (Tesla then SpaceX hits; Bloomberg Billionaires via Guardian).<\/p>\n<p><em>Featured image: AI-generated editorial illustration by Bugle Blast.<\/em><\/p>\n<p><strong>Sources:<\/strong> <a href=\"https:\/\/www.theguardian.com\/business\/live\/2026\/nov\/06\/global-stocks-tumble-ai-panic-markets-democrats-midterms-success-jobs-oil-dollar-latest-news-updates\">The Guardian<\/a>, <a href=\"https:\/\/www.nbcnews.com\/news\/us-news\/stocks-blue-wave-ai-construction-trump-arch-morning-rundown-rcna607801\">NBC News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq sank ~5.5\u20136.3% as Democrats\u2019 blue wave and data-center backlash rattled tech \u2014 Asia followed the bloodbath<\/p>\n","protected":false},"author":1,"featured_media":884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/bugleblast.com\/wp-content\/uploads\/2026\/11\/bb-markets-ai-rout-1106.jpg","_links":{"self":[{"href":"https:\/\/bugleblast.com\/index.php?rest_route=\/wp\/v2\/posts\/885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugleblast.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugleblast.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugleblast.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugleblast.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=885"}],"version-history":[{"count":0,"href":"https:\/\/bugleblast.com\/index.php?rest_route=\/wp\/v2\/posts\/885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugleblast.com\/index.php?rest_route=\/wp\/v2\/media\/884"}],"wp:attachment":[{"href":"https:\/\/bugleblast.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugleblast.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugleblast.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}