Major Tech Sell-off Triggers Market Correction as AI Growth Concerns Mount
U.S. equity markets experienced a massive sell-off on Thursday, driven by investor anxiety regarding a potential slowdown in artificial intelligence infrastructure spending following midterm election results. The Nasdaq Composite entered correction territory after falling over 5%, while the S&P 500 and Dow Jones Industrial Average also posted their steepest single-day declines since April 2025. The downturn was heavily concentrated in the technology sector, with the 'Magnificent Seven' losing a combined $1 trillion in market capitalization. Nvidia (NVDA) was the primary driver of the decline, shedding over $440 billion in value. This broad-based retreat wiped out recent post-election gains and saw all 11 S&P 500 sectors finish in negative territory.
Tickers: $ARM $CAT $COIN $GOOGL $HOOD $INTC $LITE $LULU $MRVL $MU $NVDA $ON $ORCL $RKLB $SNDK $STX
Topics: Artificial Intelligence Dow Jones Industrial Average Nasdaq Composite Nvidia S&P 500 Stock Market Crash
Part of the story Major Tech Sell-off Triggers Market Correction as AI Growth Concerns Mount (5 articles)