Stocks took a massive hit Thursday, amid concerns the AI boom could be losing steam, especially now that Democrats have won control of Congress and taken over in key states where data centers are under construction.

Wall Street reacted Thursday to the political shake-up in Washington, the stock market seeing its biggest decline in 19 months with the Dow diving more than 1,800 points, the tech-heavy Nasdaq losing an estimated $2.5 trillion in value in a single day, and the S&P 500, home to most people's 401(k)s, dropping more than four percent.

President Trump blamed the Democrats' victories in the Midterms for the sell-off, writing on Truth Social:

"The Stock Market suffered one of the Worst Days in History based on the results of the Election...Your 401(k)s have, therefore, dropped. Remember, it wasn't Republicans; it was Dumocrats."