Nasdaq 100 Falls 6.36% as AI Stock Selloff Erases Over $2 Trillion
The Nasdaq 100 fell 6.36% on Thursday in its worst day since March 2020 as an AI stock selloff erased more than $2 trillion in market value from major constituents. The S&P 500 dropped 4.36%. Nvidia fell 9.3%, Micron 17.5% and SanDisk 22.3%. The selloff followed Democrat Gina Hinojosa defeating Texas Governor Greg Abbott after she pledged an immediate moratorium on new data centers.
