The sell-off coincided with the election result. The deeper driver was already building: stretched AI valuations, soaring capex, and growing fear that data-center spending won't earn its return fast. TSLA -8.89% and NVDA -6.50% led because they carry the highest AI premium and the most crowded positioning. When $2.3T is repriced in a day, markets are reassessing risk, earnings power, and funding costs. Watch margins, cash flow, and guidance next.#DemocratsWinHouseSenate
