New York stock market opens lower due to concerns over AI infrastructure regulations

The New York Stock Exchange's three major stock indices started lower as concerns about artificial intelligence (AI)-related regulations grew due to the blue wave of the U.S. midterm elections.

As of 10:07 a.m. on the 5th (local time), the Dow Jones Industrial Average on the New York Stock Exchange recorded 52,836.15, down 102.64 points (0.28%) from the previous day. The Standard & Poor's (S&P) 500 Index was down 153.54 points (2.00%) from the previous day to 7,535.08, and the Nasdaq Composite Index was down 911.68 points (3.54%) from the previous day to 24,824.83.

As the Democratic Party took control of both the Senate and House of Representatives in the midterm elections, growing concerns about regulation of AI data centers weighed on technology stocks.

NVIDIA and Marvell Technology fell 5.79% and 10.66%, and Intel also fell 8.25%.

Iren, a data center operator, fell 13.54%, and Coreweave, a neocloud company, also fell 10.08%.

AI server company Dell's stock price also fell 11.18%.

Jordan Watson, portfolio manager at Tandem Investment Advisors, said, “Market volatility may increase as investors digest the election results and potential policy implications.”

Regarding the decline in AI-related stocks, he explained, "It appears to be a signal that we need to calmly judge whether the amount of capital invested in building AI infrastructure is appropriate and whether it can generate the profits that investors expect."

Looking at each industry, healthcare and energy showed strength, while technology and consumer discretionary showed weakness.

Qualcomm's stock price fell 9.56% as sales of smartphone chips fell below Wall Street expectations due to sluggish demand and decreased sales from Apple in the fiscal year.

Social media Snap's stock price fell 12.86% as third-quarter sales were $1.72 billion, slightly below market expectations of $1.73 billion, and the number of daily active users was 495 million, below expectations of 499 million.

Software company App Lovin's stock price soared 32.18% after announcing stronger-than-expected third quarter earnings. Adjusted EBITDA (operating profit before corporate tax, interest, depreciation and amortization) in the third quarter was $1.84 billion, exceeding market expectations of $1.73 billion. Sales also reached $2.18 billion, exceeding market expectations of $2.07 billion.

European stock markets showed mixed results.

The Euro STOXX 50 index is trading at 6,245.16, down 0.33% from the previous day. Germany's DAX index and Britain's FTSE 100 index rose 0.10% and 0.36%, respectively, and France's CAC40 index rose 0.68%.

International oil prices fell.

At the same time, the price of West Texas Intermediate (WTI) crude oil for delivery in December 2026, a nearby contract, is recording $89.43 per barrel, down 1.31% from the previous price.