The AI Selloff Is Getting Worse. Nvidia, Dell and Data Center Stocks Are Plunging Hard.

Several AI stocks fell for a second straight day Thursday, with Nvidia's and Arm's losses roughly doubling from Wednesday, and this time the S&P 500 fell too, by about 1.5%. Investors fear that a Democratic Congress and new state leaders could slow data-center construction, and UBS estimates that nearly a third of the new U.S. capacity due in 2028 could be delayed if construction pauses spread.