AI Hardware Stocks Rout Sends Semiconductors to Their Worst Day Since 2020; Crypto Falls Alongside Equities

🔍 Key Insights

• 📊 Market Overview

• The post-election rally lasted just one day before U.S. equities sold off sharply on Thursday, with AI and technology stocks bearing the brunt. Concerns that a Democratic-controlled Congress could tighten AI regulation and restrict data center construction weighed on sentiment, while elevated tech valuations and concentrated hedge fund selling amplified the decline. The Nasdaq fell 5.52%, the S&P 500 dropped 4.36%, and the Dow declined 3.44%. The Philadelphia Semiconductor Index plunged approximately 12.3%, its largest one-day decline since March 2020, while the S&P 500 shed roughly $2.9…