Nasdaq plunges into technical correction! Retail and institutional investors flee in tandem; short-term volatility may intensify further.

Zhito Finance APP has learned that the political shockwave from the Democratic Party's sweep of both chambers of the U.S. Congress in the midterm elections has detonated with a delay in the U.S. stock market. As the market worries that the new legislative majority will tighten regulation of artificial intelligence (AI)-related spending and data center construction, tech stocks suffered a "bloodbath" on Thursday, the AI hardware supply chain faced a collective selloff, and the Nasdaq Composite Index therefore fell sharply, with its closing price more than 11% below the record high set last month, entering correction territory.