Economy / Markets

The AI trade has met its political risk premium

A week that began with Democrats winning both chambers of Congress ended with the Nasdaq roughly $2 trillion below its peak, Taiwan's Taiex in a bear market and then up as much as 5 percent on short-selling curbs, and SoftBank's five-year credit default swaps at 466 basis points, the widest since 2022. AI companies have priced more than $300 billion of equity this year with about $100 billion queued, while OpenAI settled for $11 billion at a $1.25 trillion valuation. The repricing is not about demand for models. It is about who pays for the build-out, and what regulation will cost.

By News Desk · Edited by Editorial Desk · Monday, 9 November 2026

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