Major tech stocks have experienced a significant decline, leading to heavy losses across the stock market. The Nasdaq plunged over 5%, erasing recent post-election rally gains, while the Dow and S&P 500 also suffered considerable drops. Concerns over the future of artificial intelligence, particularly following the Democratic victory in the midterm elections, have shaken investor confidence, resulting in a sell-off that wiped out approximately $2.5 trillion from the market. This drastic response has pushed the Nasdaq into correction territory and intensified fears of an AI bubble bursting. The sell-off in AI stocks has been described as one of the largest in recent years, prompting many to speculate on the long-term impacts of potential regulatory changes.