Wall Street Loses $2 Trillion as AI Stocks Crash Into Correction

Big Tech 📅 Nov 5, 2026 ✍️ Aamir Raza

Wall Street Loses $2 Trillion in a Day

AI and chip stocks crashed Thursday as the Nasdaq sank over 4% into correction territory. LexxWire

The index fell more than 10% below its Oct. 6 record close of 27,599.89, per Reuters. LexxWire

AMD fell about 12%, SanDisk 14% and Micron 10% as the chip index dropped around 11%. LexxWire

The Democratic midterm sweep raised doubts about the AI data-center buildout and its huge costs. LexxWire

The investor who called the 2008 crash has questioned AI valuations — and Thursday gave him fresh fuel. LexxWire