US technology stocks suffered their worst daily losses since April 2025 as disappointing chipmaker earnings, midterm election results and concerns about AI valuations unsettled investors.

Tesla shares plunged more than 9% on November 5 as Democratic victories in Texas raised concerns about data center restrictions, robotaxi regulation and Musk's AI ambitions.
Democrat James Talarico defeated Ken Paxton in a historic US Senate race in Texas, marking the first time a Democrat has won a Senate seat in the state since 1988 amid record campaign spending.
Democrats captured control of both the House and Senate in a historic midterm sweep, delivering a sharp rebuke to President Trump and transforming the political landscape in Washington.
Donald Trump criticized Greg Abbott as a RINO after Democrat Gina Hinojosa defeated the three-term Texas governor, marking a historic Democratic victory and raising questions about Republican leadership.




