Violent AI/tech selloff, worst day since April 2025
US equities saw $2–2.7T wiped, led by semis and AI names (NVDA, MU, SNDK, AMD), with VIX spiking up to 69%. Levered ETF selling of about $52B is flagged for the close.
What we know
An account on X calls it the worst day since April 2025, with over $2.7T wiped. Another account on X lists SNDK -20%, AMD -15%, MU -15%, TSLA -12%, NVDA -9% and QQQ -5.9%. Another account on X cites Morgan Stanley on $52B of levered ETF selling at the close. Another account on X notes NVDA now trades at ~13x forward earnings. The VIX jumped up to 69% after falling 20% the prior day. Dip-buyers such as several accounts on X see opportunity, while Citadel's strategist sees the path of least resistance higher. A $500M data center loan dump adds to credit worries.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.