AI stock wipeout sends Wall Street tumbling as fears rise over data center moratoriums following Democratic landslide

Wall Street is reeling as a wipeout of AI stocks sends the S&P 500 tumbling more than 3%. This decline erases previous gains and marks one of the worst drops since April 2025, when President Donald Trump announced Liberation Day tariffs. The current market instability is driven by rising fears regarding data center moratoriums following a Democratic landslide, specifically impacting companies tied to the buildout of AI data centers on this Thursday.