BREAKING. The Nasdaq 100 $QQQ is down 4.8% and on pace for its worst day since April 2025The chip index is down 9% after…
BREAKING. The Nasdaq 100 $QQQ is down 4.8% and on pace for its worst day since April 2025
The chip index is down 9% after trading down more than 11% this morning$Sandisk(SNDK.US) -15.9%$AMD(AMD.US) -13.7%$Micron Tech(MU.US) -11.8%$Tesla(TSLA.US) -10.0%$NVIDIA(NVDA.US) -6.8%The S&P 500 $SPY is down 3.1%, the Dow is down 2.4% and the $VIX is up 40%This is a full reversal of Wednesday's post-election rally, with traders dumping the AI and data center trade on fears a Democratic Congress slows the buildoutNothing about AI demand changed overnight, the policy risk did. When the most crowded trade in the market gets a new reason to sell, the exit gets very narrow, very fastSource: StockMarket.News
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