EconomyAI boom or bust? What Wall Street’s brutal sell-off means for investors

The tech-led Nasdaq posted its steepest one-day drop since April 2025 on Nov. 5, wiping out trillions of dollars in market value. After Democrats’ strong midterm gains, fears grew over increased scrutiny of AI, particularly data center construction. Vantage Point Asset Management CIO Nick Ferres said the correction in AI stocks began months earlier and discussed what slower AI investment growth could mean.