Tech rout: TL20 down 19% in a week; author says NVDA fell 60% before rising 1,062%
TiernanRayTech · x · 2026-11-06
After a Democratic midterm sweep, tech stocks fell hard for a second day: Nasdaq down 5%, the TL20 basket down over 11% in a day and 19% on the week, TL20 SS down 28% since October 7. Author Tiernan Ray recalls his TL20 dropped 25% in three months in 2022 with Nvidia down 60% — NVDA has since gained 1,062% and TL20 325%. He argues many top tech names now trade below five-years-ago valuations despite stronger businesses, calling it a buying opportunity.
Related event: US Tech Stocks Slashed: Mag 7 Wipes Out $1.1 Trillion in a Day(9 posts)→
More from Venture
- Atlas founder's top 200 members hold $1T; Claude agent drove record month — buckymoore · 2026-11-06
- MailCheap hits $30,420 ARR, up 32% in a week, defying 'vibe-coded SaaS can't be profitable' critics — marclou · 2026-11-06
- US stocks lost $3.8T in a day; chipmakers took $1.15T of the hit — CharlieMuirhead · 2026-11-06
- Martin Casado Part of 3 Acquisitions Worth $75B in 4 Months, Including $60B Cursor Deal — JenniferHli · 2026-11-06
- 15 YC companies announce new rounds in two weeks, led by Blacksmith's $66M Series C — ycombinator · 2026-11-06
- ARK's new Tesla model sees AI spend growing from $7B to $225B in 2031 valuation — DMaguireARK · 2026-11-06