Markets
Wall Street loses $2.5 trillion in a single day
The Nasdaq fell 5.5%, its worst day since April 2025, as AI and chip stocks crashed.
In short
−12.3%chip stocks, worst day in ~6.5 years
- Nasdaq: −5.52%
- S&P 500: −4.36%
- Dow: −1,833 points
What happened
US stocks had a brutal Thursday. The Nasdaq fell 5.52%, the S&P 500 fell 4.36% and the Dow dropped 1,833 points. About $2.5 trillion was wiped off the Nasdaq alone.
Chipmakers were hit hardest: Nvidia fell about 9%, while AMD and Micron fell around 17%.
Why it happened
After Democrats won both houses of Congress in the midterms, investors began to worry that new rules and local opposition could slow the building of AI data centers — the engine behind the AI boom. Weak results from Qualcomm added to the selling.
Why it matters
Indian markets opened lower on Friday too. Some analysts called it a knee-jerk reaction; others said the AI rally had become too speculative and needed to cool down.
