# Nasdaq Selloff Erases $1.04 Trillion From Seven Largest Tech Stocks

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/49641
Published: 2026-11-05T23:52:07.000Z
Updated: 2026-11-05T23:52:07.000Z
Section: Investing

> The index posted its steepest one-day decline in 19 months. Estimated market value losses reached $2.9 trillion for S&P 500 companies.

The Nasdaq Composite fell 5.52% in Thursday’s U.S. session as a broad technology selloff erased an estimated $1.04 trillion in market value from the seven largest tech stocks.

The index’s one-day loss was its steepest in 19 months. The S&P 500 and Dow Jones Industrial Average also had their largest daily drops since President Donald Trump announced the “Liberation Day” tariff policy in April 2025.

Market value losses were estimated at about $2.9 trillion for S&P 500 companies and $2.5 trillion for Nasdaq constituents.

Amazon declined 2.19%, Google A 2.2%, Microsoft 3.58%, Meta 3.96% and Apple 1.53%. Nvidia fell 9.26%, and AMD dropped more than 17%.

Losses spread to data center operators and newer cloud companies. Applied Digital, Cipher Digital and IREN each fell more than 14%, Nebius Group slipped about 15%, and CoreWeave dropped roughly 10%. SanDisk sank more than 22%; Western Digital and Micron Technology fell 17.35% and 17.46%, respectively, while SK hynix lost more than 13%.