During trading on November 5, American stock indices recorded their largest decline since April 2025. According to Reuters, the sell-off was driven by investor concerns regarding political changes following the Democratic victory.

Blow to the technology sector and AI

The market reacted to potential new restrictions on data center construction and increased government oversight of tech giants. This created risks for the development of artificial intelligence infrastructure. According to UBS analysts, approximately 30% of the planned capacity growth for US data centers for 2028 could be at risk.

5.5%Nasdaq Composite decline
4.4%S&P 500 decline
3.4%Dow Jones decline
$2.5 trillionNasdaq 100 market capitalization loss

Losses for chipmakers and Elon Musk's companies

The most notable decline in quotes was observed among semiconductor manufacturers and companies supporting AI operations. Investors also fear increased oversight of Elon Musk's businesses, which actively supported the Republicans.

17%AMD decline
12%chipmakers index decline
11%Tesla decline
9%Nvidia decline
9%SpaceX decline

US President Donald Trump blamed Democrats and Americans themselves for the market crash.