समाचार Samāchār · Tech & AI · 6 November 2026

Wall Street dumps AI data centre stocks. Indian IT rises. Power bills are the new risk

The S&P 500 fell 4.36% on Thursday, its worst day since April 2025, led by Nvidia, AMD and CoreWeave. On Friday Asia fell hard while India’s IT stocks gained.

The trade that carried world markets took its worst hit in 19 months. On Thursday the S&P 500 fell 334.89 points, or 4.36%, to 7,353.73. AP calls it the worst day since April 2025. The Nasdaq composite fell 5.52%. The selling was led by companies tied to the build-out of AI data centres. Nvidia fell 8% after a 3.2% drop the day before. AMD fell 14%. CoreWeave fell 8.9%. GE Vernova, which makes power equipment, fell 6.9%.

The trigger was political as much as financial. AP reports that Democratic wins in Tuesday’s midterms raised the chance that governments force pauses on new data centres. It adds that voters across parties are wary of AI and dislike the rise in power bills that data centres bring. Borrowing costs and talk of a bubble had kept these stocks swinging for months.

Asia opened lower on Friday. By 9:25 IST the Nikkei was down 5.27% and the Kospi 3.85%, according to HDFC Sky. India held. The Sensex opened flat and Business Standard had it up 0.5% at 79,704 by 11:00. Nifty IT rose 1.74% early, led by TCS, Infosys and HCLTech. HDFC Sky described the move as investors leaving AI abroad for Indian IT. Smaller companies did worse. The Nifty Smallcap 100 fell about 1.7%.

The lesson for India is about power, not stock prices. A data centre is a large power customer before it is a computer. Where grids are tight and bills rise, voters push back. India is courting data centre investment at scale. It keeps that welcome only if new capacity brings its own clean power and the household bill stays where it is.

What a founder takes from it: Power is the bottleneck for AI, and now it is a political one too. India should tie every large data centre to new solar, storage or nuclear supply so that compute grows without raising the household bill.