Nearly $1 Trillion Wiped From US Stocks at Open as AI Chip Stocks Lead Selloff
CurieuxExplorer · x · 2026-10-30
The S&P 500 dropped 1.11% at open, erasing almost $1 trillion in market value, with tech and AI names leading losses.
The heatmap shows broad declines: AMD -9.97%, Micron -5.59%, Amazon -5.51%, Broadcom -3.96%, Intel -26.88%, Nvidia -2.95%, Tesla -2.92%, Microsoft -1.40%, Google -1.60%, Meta -1.22% — semiconductors and AI heavyweights hit hardest.
Related event: US Tech Stocks Plunge, Wiping Out Nearly $1 Trillion in Market Value(2 posts)→
More from Venture
- The 'Invisible on ChatGPT' audit: closing $5,000/mo AI search retainers — aryanXmahajan · 2026-10-30
- Quantum startups raised $4.9B in VC but sold only $1.9B — a field guide maps all four markets — antavedissian · 2026-10-30
- AI-linked stocks crash in sync: Fortinet and ServiceNow -25%, Google -13% as consumer booms — ivan_bezdomny · 2026-10-30
- VC is a discovery process: broad seed funding beats 'kingmaking', argue investors — garrytan · 2026-10-30
- Brutal Q3: tech stocks fall despite beats, average -3% reaction; TL20 down 19% month-to-date — TiernanRayTech · 2026-10-30
- Cohere to invest over C$4 billion in Canada, creating 1,500+ jobs by 2031 — cohere · 2026-10-30