Nasdaq 100 drops 6.49% in a single day to enter technical bear market; indigo analyzes AI infrastructure policy risks

indigo analyzes the drivers behind today's 6.49% Nasdaq 100 decline and roughly 12.15% SOX drop, ranking them by importance: re-pricing data center policies, chip stock stampede triggered by Qualcomm and Arm guidance, and doubts about capital expenditure returns compounded by crowded positions and leveraged unwinds. The article provides a Democratic legislative possibility grading; Goldman Sachs estimates that approximately 45% of planned data center capacity could be affected in the short term by policy. There is currently no large-scale project cancellation; the main risks involve site selection, grid connection, electricity costs, and slower approvals rather than bans.