AI stocks, oil fall as investors bet onchange after US election ‘blue wave’

Chip stocks and the dollar fell on Thursday, while oil steadied around recent lows and broader share prices, gold and other assets rose after a sweeping Democratic victory in US midterm elections raised hopes for an end to the US-Iran ​war. Brent crude futures dived nearly 9% overnight, falling below $100 a barrel for the first time in two months. The price has dropped by about 20% so far this week, heading for ‌its largest weekly loss since April 2020. Tumbling energy prices ‌encouraged a…

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