US Tech Stocks Plunge as Magnificent Seven Shed $1.1 Trillion in a Day

US tech and AI stocks plunged, with the Magnificent Seven losing about $1.1 trillion in market value in a single day—their worst drop since April 2025—pushing the Nasdaq into correction. NVIDIA, AMD, Micron and Tesla fell sharply, while many tech names like SanDisk and Arm are already down more than 60% from their highs.

2026-11-06 ~ 2026-11-06 · 4 related posts