Magnificent 7 lose $1 trillion as AI chip stocks post historic selloff
Nvidia, Qualcomm, AMD and Micron all fell sharply, pushing the Nasdaq to its worst day since April 2025 on fears of an AI spending slowdown.
Read at CNBC βFull coverage Β· 14 outlets
- CNBC Β· lead
- GizmodoTech Rout Wipes Out $2.5 Trillion, With AI Investors Anticipating Heavier Scrutiny From Dems
- Stocks Down UnderAI Chip Stocks Crash as Nvidia, AMD and Micron Plunge in Historic Selloff
- The Motley FoolStock Market Today, Nov. 5: Nvidia Slides on AI Chip Selloff as Election Uncertainty Weighs
- Yahoo FinanceAI stocks just lost $5 trillion - but history says the stock market's sweetest stretch starts now
- Pasquale PillitteriIntel Plunges 30% as Tech Stocks Lose $1 Trillion
- Bloomberg.comMagnificent 7 Lose $797 Billion as AI Skeptics Dump Tech Stocks
- FortuneBig Tech earnings slam into a market in revolt over AI spending
- 24/7 Wall St.The Mag 7 Just Lost $2.3 Trillion in a Single Month. Hereβs the AI Fear Behind It
- The Business TimesMagnificent 7 lose US$797 billion as AI sceptics dump tech stocks
- MemeburnChip Stocks Sell Off to Start Q3 After Record $2 Trillion Rally
- ReutersUS tech shares recover some losses from steep DeepSeek selloff
- The GuardianGlobal stock markets fall sharply over AI bubble fears
- FourWeekMBAAI Selloff, Explained 5 Ways: Capex Beat Cash by $26.4B