The Nasdaq 100 was on pace to erase more than US$1 trillion in market value as technology heavyweights and chip stocks sold off sharply. Elon Musk’s SpaceX also fell below US$2 trillion in market cap for the first time since its U.S. debut, underscoring broad weakness in high-growth tech valuations. The move signals a major risk-off shift with market-wide implications.
The Nasdaq 100 was on pace to erase more than US$1 trillion in market value as technology heavyweights and chip stocks sold off sharply. Elon Musk’s SpaceX also fell below US$2 trillion in market cap for the first time since its U.S. debut, underscoring broad weakness in high-growth tech valuations. The move signals a major risk-off shift with market-wide implications.
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Request DemoOverall Sentiment
strongly negative
Sentiment Score
-0.75
