What do you think drove the market drop described here?

U.S. stocks fell sharply two days after Democrats won control of the Senate and House, with the Dow Jones average down 1,700 points as of 1:30 p.m. Eastern time. The Nasdaq composite and Nasdaq 100 were both down more than 10% from recent highs, putting them in correction territory. Analysts Jay Hatfield and Tim Holland attributed the drop to concerns about chip stocks and a potential slowdown in artificial intelligence investment following the elections. Sen. Bernie Sanders of Vermont called for a national data center moratorium, citing environmental, employment and other concerns.