Rohan Paul (@rohanpaul_ai)T2·Industry
78 pts
US equities shed $3.2 trillion as investors priced in political risk to the AI buildout after Democrats swept Congress. The Nasdaq fell 5.52%, its worst session since April 2025, while Nvidia dropped 9.3% and the Philadelphia Semiconductor Index plunged 12.3%. Goldman Sachs estimates short-term moratoria could hit roughly 45% of planned US data center capacity, with debt-funded GPU renters and memory makers suffering the steepest losses.