HONG KONG, Nov 9 — Tech firms clawed back today some of last week’s losses fuelled by AI regulation worries, though gains were tempered by news of a probe into Nvidia boss Jensen Huang and claims of an affair with a Chinese spy.
Chipmakers and other companies linked to the artificial intelligence boom took a hammering in the days after tomorrow’s US midterms saw Democrats sweep both chambers of Congress in a rebuke to Donald Trump and his Republican Party.
The results suggested voters were angry at the president’s Iran war and tariffs, which have sent prices soaring, as well as a sharp kickback against the huge data centre buildout that has taken place across the country in recent years.
That has led to speculation the new Congress will seek to wind in tech firms’ construction drive, which could put thousands of jobs at risk.
