AI slowdown fears erase trillions from global tech valuations

Major tech stocks in the US, Europe, and Asia lost trillions in market value amid growing concerns over an AI development slowdown, triggered partly by Democratic campaign pledges to restrict AI data center growth following the US midterms. The selloff reflects a sharp repricing of AI-driven growth expectations, with France's CAC 40 falling 1.1% as part of the broader decline. The sustainability of the correction is uncertain, hinging on policy direction and corporate AI spending plans.

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