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Key FactsNine tech leaders lose $152 billion in one-day market rout
1 days ago · Reading time: ~30 sec.
Summary created with AI assistance · Source: businessinsider.com
  • The Nasdaq 100 fell more than 6%, recording its worst trading day since the COVID-19 pandemic.

  • Investors sold tech shares, expecting curbs on AI and data-center spending after Democrats won control of both chambers of Congress.

  • On Thursday, Tesla shares fell 11% and SpaceX shares 9%; Musk’s net worth declined by more than 9%.

  • At 6:30 a.m. ET on Friday, Nvidia, SpaceX, and Oracle shares were higher in premarket trading; several tech leaders could recoup some losses.
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