AI’s $2.1T wipeout
In early November 2026, AI and chip stocks fell sharply, with the Nasdaq down 5% and semiconductors down 9%, erasing about $2.1 trillion as hyperscaler spending soared and free cash flow turned negative.
In early November 2026, AI and chip stocks fell sharply, with the Nasdaq down 5% and semiconductors down 9%, erasing about $2.1 trillion as hyperscaler spending soared and free cash flow turned negative.