A trader on the floor of the New York Stock Exchange on 6th November 2026Image source, Getty Images
ByTheo Leggett, International business correspondent and Osmond Chia, Business reporter
  • Published26 minutes ago

Is the artificial intelligence (AI) gold rush coming to an end, or is this simply a reality check?

That's the question which is hanging over investors, and which has prompted steep falls on the world's stock markets.

The sell-off in the US on Thursday was most dramatic on the Nasdaq, home to tech industry titans such as Alphabet, Nvidia, Meta and Apple.

It followed sweeping gains by the Democrats in this week's mid-term elections in the US, which have given the party full control of Congress.