Nasdaq 100 dropped more than 5% today, breaching key lows near 26,600 as chip and AI names led the rout. Nvidia fell over 7%, AMD double digits. Selling accelerated after the Democratic midterm sweep raised fears of tighter data-center rules and slower AI spend. Street talk points to more hedge fund liquidations piling on the forced selling that already erased every AI buy since early 2025.
Word on the street: More funds are reportedly blowing up today
Nothing confirmed yet, but the selling is getting ugly.
— Prof (@TheProfInvestor) November 5, 2026
Surely some AI hedge fund got liquidated
— zet (@profitzet) November 5, 2026
Absolute insanity.
In just 40 minutes, the S&P 500 has now erased -$2 trillion in market cap.
The entire post-Midterm Election rally has been erased in a matter of minutes.
This is one of the fastest market cap losses in stock market history. pic.twitter.com/sdmfNljwed
— The Kobeissi Letter (@KobeissiLetter) November 5, 2026
https://www.orbex.com/en/markets/nasdaq-100
https://www.bloomberg.com/news/articles/2026-11-04/stock-market-today-dow-s-p-live-updates
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