Nasdaq Falls 5.52% as AI Supply Chain Stocks Plunge

Cointime reports: The Nasdaq Composite fell 5.52% on Nov. 6, with the S&P 500 dropping 4.35% in its worst single-day decline since April 2025 and the Dow falling 3.44%. The Nasdaq-100 lost 6.4%, shedding $2.3 trillion in market value, while the Philadelphia Semiconductor Index plunged 12%, its largest drop since 2020. Nvidia fell 9.18%, erasing $447 billion in market cap, as AI-linked names including SanDisk, Western Digital, Micron and CoreWeave sold off sharply.