European shares set to fall as global AI rout gathers pace

European shares are poised to decline as a global AI rout accelerates. European stocks have joined this widespread selloff, effectively erasing their weekly gains. This market downturn is driven by concerns regarding the Democratic sweep of Congress and the subsequent implications for the artificial intelligence trade. These factors have triggered losses across every sector, as AI concerns continue to spread globally, impacting the broader financial landscape and contributing to the current volatility in European markets.