# Nasdaq 100 falls 6%, shedding record $2.3T in value

_Published Thursday, November 5, 2026 at 6:07 PM EST · Products, AI · Latest · Tier 1 — Major_

The Nasdaq 100 fell 6%, losing a record $2.3T in value, while the Philadelphia chip index plunged 12%, Bloomberg reported. Technology stocks suffered their biggest decline since 2020 as investors exited the sector over concerns about the AI trade after Democrats won Congress.

## Sources

- [Techmeme](https://www.techmeme.com/261105/p55#a261105p55)

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Canonical: https://techandbusiness.org/newswire/mv51LOQeHY0ji5cGzZifJe
Published: 2026-11-05T23:07:44.028Z
Story chronology: 2026-11-05T22:15:01.000Z
Retrieved: 2026-11-06T22:57:37.948Z
Publisher: Tech & Business (techandbusiness.org)