BIZBBC NewsFRI 06 NOV 2026 / 10:14 AM CST

Could the US midterms burst the AI bubble?

Is the artificial intelligence (AI) gold rush coming to an end, or is this simply a reality check?

That's the question which is hanging over investors, and which has prompted steep falls on the world's stock markets.

The sell-off in the US on Thursday was most dramatic on the Nasdaq, home to tech industry titans such as Alphabet, Nvidia, Meta and Apple.

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The government argues the change will help jobseekers and could help to prevent pay discrimination.

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Automakers are warning about higher commodity, logistics and memory costs, while pricing power is becoming harder to extend to consumers.

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The biotech company now expects 2026 revenue growth of 15% to 25%, up from its previous guidance of up to 10%.

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As shipping costs surge due to high fuel prices, smaller and medium-sized retailers struggle to keep up, and they face a difficult holiday season.

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