Elon Musk's net worth dropped by nearly $80 billion in one day due to a 10.77% fall in Tesla's stock amid a broad tech market sell-off. Chipmakers like Micron and AMD also suffered steep losses despite strong earnings, driven by fears of political changes affecting data center investments. Major tech indexes fell sharply, with the NASDAQ-100 experiencing its biggest drop since the pandemic. Investors should watch for potential changes in spending by large cloud companies to gauge if this is a temporary scare or a deeper correction in AI and tech stocks.
Tesla shares are trading at USD 352.72 with a 1-day gain of 2.63% on Pluang as of Nov 06, 2026 16:11 WIB. Micron and AMD stocks also rose, up 7.45% and 6.58% respectively, despite the broader tech sell-off. Pluang order activity shows more selling interest in Micron and AMD, with 83% and 86% sell orders. This data highlights mixed investor sentiment in tech stocks during the current market volatility.
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