According to CoinMeta, AI transactions faced selling pressure, tech stocks tumbled across the board, and the NASDAQ index saw a market value evaporate by approximately $2.5 trillion in a single day. Following the U.S. mid-term elections, political forces opposed to the disorderly expansion of AI rose to power. Coupled with tech giants' performance falling short of expectations and changes in the prospects for data center construction, this led to selling pressure on AI transactions.