The reversal of the global rally in AI stocks is gaining momentum, with reports that total market capitalisation fell by approximately ¥550 trillion in one day against the backdrop of the US Democratic Party's victory in the midterm elections.
Selling of AI-related stocks has spread across global equity markets, prompting discussion of a reversal in the AI investment boom. Global market capitalisation has declined day after day, and some observers say falls in AI stocks are accelerating the contraction in the total.
According to data from QUICK and FactSet, total global equity market capitalisation was approximately $154 trillion as of 5 November, down approximately $3.5 trillion from 4 November. This represents a decline of approximately $3.5 trillion in a single day.
The article reports that the Democratic Party's gains in the US midterm elections undermined the assumptions underpinning investment, increasing selling pressure on AI-related stocks alongside concerns about tighter regulation of data-center-related businesses.
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