Tech stocks plunged as the AI trade unraveled a day after Wall Street cheered the election, Reuters reports. The Nasdaq fell 5.5% and about $2 trillion was wiped off its value; Nvidia fell 9% and the chip index fell 12%. Full story: https://zarknews.com/tech-stocks-plunge-ai-trade-rout-chip-selloff/ #Markets #Stocks #ZarkNews
Full story: https://zarknews.com/tech-stocks-plunge-ai-trade-rout-chip-selloff/
The sell-off reversed the mood of the day before, when Wall Street had risen on the election result. Investors turned instead to what a Democratic Congress could mean for the huge spending plans behind artificial intelligence data centers, much of it carried by a small group of very large technology companies. The Nasdaq fell 5.5 percent and lost about 2 trillion dollars in value. The Philadelphia chip index fell 12 percent, its second biggest fall on record. SanDisk dropped 22 percent, and Micron, AMD and Marvell each fell about 17 percent, according to Reuters.
Sources: Reuters via Zark News – Nov 6, 2026 • Photo: Wikimedia Commons, CC BY-SA 3.0
