The Big Story: Blue tsunami wipes US$2.5 trillion off Nasdaq. Is the AI boom in trouble?
The US midterm elections have sent shockwaves through global markets, with the Democrats' sweeping victory fuelling fears of tighter scrutiny over AI investments. The so-called 'blue tsunami' has contributed to a US$2.5 trillion wipeout in Nasdaq 100 market value.
The sell-off has spread across Asia, hitting major semiconductor players and Singapore-listed AEM Holdings and UMS Integration.
Is this a temporary correction, or are investors losing faith in the AI boom? And what does it mean for Singapore's semiconductor industry?
On The Big Story, Hongbin Jeong speaks with Charu Chanana, Chief Investment Strategist at Saxo Markets, to find out more.




