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Nasdaq lost $400 billion after Democrats' victory

Democrats' victory crashed big tech market

The US tech giants' market faced a sharp decline following the Democrats' victory in the US elections. In just one hour of trading, the Nasdaq index lost about $400 billion, while non-tech sector companies continued to show growth.

The key factor was a political decision: the Democrats won in states where data center construction is actively underway. New authorities promised to impose a moratorium on their construction or bring this process under strict state control.

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