Comment: The Wall Street crash is not an accident

The beauty of the stock market is that every price movement, no matter how baffling, can quickly find a fundamental explanation. On Wednesday, prices on Wall Street rose surprisingly sharply because the Democrats' victory in the midterm elections in the USA was so clear, and the markets love nothing more than planning security.

On Thursday, some of the indices posted historic losses due to fears that the Democrats would regulate the AI ​​industry more strictly and slow down the expansion of data centers, thereby strangling the boom that is supporting the entire US economy.

The heavy losses are a bit more rational than the gains, because the boom around artificial intelligence is actually in its first major crisis, at least as far as the stock market is concerned. This crisis will be followed by many more - regardless of the question of whether we are currently dealing with a bubble on the markets or not.