More than $2 trillion has been wiped from the S&P 500 as the AI selloff deepens$Sandisk(SNDK.US) -20%$AMD(AMD.US) -1…
More than $2 trillion has been wiped from the S&P 500 as the AI selloff deepens
$Sandisk(SNDK.US) -20%$AMD(AMD.US) -15%$Micron Tech(MU.US) -15%$Tesla(TSLA.US) -12%$NVIDIA(NVDA.US) -9%$SMH and the chip index are both down about 10%, and the Nasdaq 100 $QQQ is off 5.9%Ten of the largest tech names had already erased $1.7 trillion by late morning, with $NVIDIA(NVDA.US) alone losing more than $400 billionWednesday's post-election rally is gone. Traders are pricing a slower data center buildout under a Democratic Congress, and the most crowded trade in the market is still looking for an exitSource: StockMarket.News
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