AIGizmodoabout 1 hour ago
Tech Rout Wipes Out $2.5 Trillion
3 min read
The Nasdaq Composite fell 5.5%, wiping out an estimated $2.5 trillion in market value on Thursday. This decline followed weak AI earnings and a blue tsunami in the 2026 midterm elections. The Magnificent Seven collectively lost around $1 trillion, while the PHLX Semiconductor index recorded its worst day since the global coronavirus pandemic depths.
Level
Hype check
Tap to vote and see what everyone thinks.
