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US stocks plunge as AI regulation fears drive tech selloff

US stocks fell sharply on Thursday, with the Nasdaq dropping 5.52% into technical correction territory as investors pulled out of tech shares on concerns about slowing data-center construction. The S&P 500 fell 4.36% and the Dow lost 3.44%, marking the biggest single-day declines for all three indexes since April 2025. Senator Bernie Sanders had called for a national pause on data-center construction, criticizing big tech oligopolies.

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