Bangladesh, Nov. 6 -- Trillions of dollars have been wiped off the stock value of major tech firms in the US, Europe and Asia in a market rout after the US midterm elections sparked concerns of a slowdown in artificial intelligence (AI) development, according to a BBC report Friday.

Advertisement Shares in firms across the tech sector plummeted following Democratic wins after election campaigns run on slowing AI.

The tech-heavy Nasdaq composite index closed down by more than 5.5 per cent on Thursday, losing an estimated $2.5tn in market value, according to Dow Jones data, while other key US stock indexes also saw big losses in their worst days since 2025.

The sell-off comes on top of broader concerns about whether the huge amounts bei...