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Tech sell-off wipes $2.5 trillion from Nasdaq as AI buildout fears and chip stocks plunge push the index into correction territory. News source: Google / https://edition.cnn.com/ The tech sell-off on Thursday erased roughly $2.5 trillion in market value from the Nasdaq Composite, marking the index's largest single-day erosion on record and its steepest percentage decline in 18 months. The NASDAQ plunged 5.52% to close at 24,315.00, falling more than 10% below its October 6 record and formally entering correction territory. The S&P 500 dropped 4.36% to 7,353.73, while the Dow Jones Industrial Average shed 1,833 points, or 3.44%, closing at 51,523.06. The sell-off reversed the prior session's post-election rally entirely. On Wednesday, markets had cheered the resolution of political uncertainty following the midterm elections. By Thursday, that same outcome had become the catalyst for the steepest AI-driven liquidation of the year. Why AI Buildout Fears Triggered the Collapse The proximate trigger was the Democratic sweep of Congress and key governorships, which investors interpreted as a signal that data center expansion faces a tougher regulatory path ahead. In Texas...

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NOVEMBER MONTHLY SPECIAL

Explore the November Monthly Special, featuring noteworthy companies, inspiring business leaders, industry insights, and stories highlighting innovation and ...

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NOVEMBER EDITION 2026

Explore the November Edition featuring business insights, industry trends, innovative companies, inspiring leaders, and the latest developments across global...

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