EconomyAI stocks plunge after midterms as Canada makes major data-centre bet

Thursday was the U.S. stock market’s worst trading day in nearly two years, with tech and AI shares leading a sell-off that wiped out trillions of dollars. The decline followed Democratic victories in the House and Senate; many winning candidates had campaigned against data-centre expansion. Canada unveiled a budget the same day promoting capacity-building for the global AI economy and support for major investments.