US stocks lost $3.8T in a day; chipmakers took $1.15T of the hit
CharlieMuirhead · x · 2026-11-06
US stocks shed $3.8 trillion in market value in a single day, with chipmakers accounting for $1.15 trillion of the losses, per Social Capital. Chips make up just 12% of the market's value but absorbed 30% of the hit, with Nvidia alone losing $447B. Chamath's one-word take: "Eek."
More from Venture
- Nvidia down ~23% from peak, trading at ~13x forward P/E, cheaper than the S&P 500 — ivan_bezdomny · 2026-11-06
- Enterprise MD asks consultant to demo his AI B2B BizDev automations internally — aryanXmahajan · 2026-11-06
- Gary Marcus warns of an AI government bailout as CNBC pundits float national-security rescue after market crash — GaryMarcus · 2026-11-06
- JupyterHealth team wins $10M Laude Institute Moonshot Prize for open-source health data infra — irenetrampoline · 2026-11-06
- Claude suggested the darkest legal AI business, and someone built a $19/mo chatbot for texting the dead — LordKittyPanther · 2026-11-06
- Patron launches experimental pay-per-read monetization for creators, powered by Tempo — jeff_weinstein · 2026-11-06