---
title: "The Nasdaq 100 drops 6%, losing a record $2.3T in value, and the Philadelphia chip index plunges 12%, on concerns over the AI trade after Democrats won Congress (Natalia Kniazhevich/Bloomberg)"
type: signal
url: https://frontiernewswire.com/s/the-nasdaq-100-drops-6-losing-a-record-2-3t-in-value-and-the-d5731f47
published: 2026-11-05T22:15:01.000Z
byline: "Source: TECHMEME"
---

# The Nasdaq 100 drops 6%, losing a record $2.3T in value, and the Philadelphia chip index plunges 12%, on concerns over the AI trade after Democrats won Congress (Natalia Kniazhevich/Bloomberg)

Source: TECHMEME · Published 2026-11-05 · Canonical: https://frontiernewswire.com/s/the-nasdaq-100-drops-6-losing-a-record-2-3t-in-value-and-the-d5731f47

Natalia Kniazhevich / Bloomberg : The Nasdaq 100 drops 6%, losing a record $2.3T in value, and the Philadelphia chip index plunges 12%, on concerns over the AI trade after Democrats won Congress — Technology stocks plunged the most since 2020 on Thursday as investors exited the sector on concerns over the artificial intelligence trade …

In this story: [Bloomberg](https://frontiernewswire.com/companies/bloomberg)

## Sources

- [Read the original at TECHMEME](https://www.techmeme.com/261105/p55#a261105p55)

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