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Nasdaq 100 drops 5.5% amid AI stock sell-off, NVIDIA loses nearly $500B in market value

Market News
07 Nov 2026, 15:30 WIB
Seeking Alpha
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Bearish
Nasdaq 100 drops 5.5% amid AI stock sell-off, NVIDIA loses nearly $500B in market value

The Nasdaq 100 index fell sharply by 5.5%, marking its worst drop in 18 months, driven by a significant sell-off in AI-related stocks. NVIDIA, a leading AI chipmaker, lost nearly half a trillion dollars in market capitalization, contributing heavily to the decline. Semiconductor ETFs like SOXX and SMH are now down about 40% from their mid-2026 highs, indicating a deep bear market in the sector. Despite the volatility, experts note that such swings are typical in frontier technology investing and do not necessarily signal the end of the AI growth story.

Nvidia trades at USD 186.64 with a 1-day gain of 2.78% on Pluang as of Nov 07, 2026 20:22 WIB. Semiconductor ETFs SOXX and SMH also rose, gaining 4.09% and 3.62% respectively. Despite recent sector volatility, Pluang data shows active trading with balanced sell and buy orders for Nvidia and a majority sell sentiment for the ETFs.

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