Wall Street is facing renewed market turbulence following one of the sharpest selloffs in nearly two years, as artificial intelligence stocks plunge and investors reassess the economic outlook after the 2026 U.S. midterm elections. On FINTECH.TV’s Market Movers, Remy Blaire speaks with Errol Coleman, reporting from the Cboe trading floor in Chicago, about the widespread market losses, mounting concerns surrounding AI infrastructure spending and how the stronger than expected October jobs report could influence Federal Reserve policy.
Coleman examines the dramatic reversal in U.S. equities after the post-election rally quickly gave way to heavy selling. On November 5, the Nasdaq Composite plunged approximately 5.5%, the S&P 500 fell 4.4%, the Dow Jones Industrial Average declined 3.4% and the Russell 2000 lost nearly 4.5%. The broad selloff erased much of the optimism surrounding the election results and highlighted growing investor concern about valuations, financial conditions and future corporate earnings.
Technology stocks were among the hardest hit as investors reconsidered the enormous capital investments required to expand artificial intelligence infrastructure. Coleman discusses how the selling spread beyond a handful of technology companies, putting pressure on major indexes and reinforcing concerns about the sustainability of the AI investment boom.
Semiconductor stocks take center stage as Nvidia, Advanced Micro Devices and Intel experience significant declines. Nvidia shares fell more than 9%, while AMD lost approximately 17% and Intel dropped more than 10%, according to the figures discussed in the interview. The selling reflects increasing investor sensitivity to AI valuations, infrastructure financing and uncertainty surrounding the future pace of data center construction.
The discussion explores how the midterm election results have introduced new questions about technology regulation and infrastructure development. With investors anticipating potential changes in congressional oversight, concerns are growing about whether additional restrictions could affect AI data center expansion. Coleman explains why these developments are encouraging traders to reassess their exposure to semiconductor companies and other businesses linked to the artificial intelligence investment cycle.