The Nasdaq 100 fell more than 6% on Thursday, its steepest drop since March 2020, as AI-linked stocks led a broad selloff after Democrats' sweeping Congressional election victory raised fears of brakes on the AI boom. Nvidia slid over 9%, the S&P 500 lost 4.4%, and a semiconductor index dropped 12%. All 30 Dow components declined as investors fled to Treasuries.
Nasdaq 100 Plunges 6% in Worst Rout Since 2020
Source: Moneycontrol