Nasdaq Composite Plummets 5.5% as AI Stocks Rout Deepens
Key Facts
The Nasdaq Composite plummeted 5.5%, breaking its July lows to trade at its worst levels since April. According to investinglive.com, Nvidia shares fell 8.75% while Micron plunged 16.4% amid an intense sell-off concentrated in AI-related stocks and infrastructure providers.
Investors rotated into Apple, Berkshire Hathaway, and Walmart as safe-haven plays during the downturn. Berkshire Hathaway closed at $579.09 and Walmart closed at $129.17 on November 4, 2026. Conversely, Microsoft closed at $555.80 and Micron closed at $795.23 on November 4, 2026, while Apple was trading at $344.99 on November 5, 2026.
Market participants are monitoring upcoming US economic data, including Nonfarm Payrolls and the Unemployment Rate scheduled for release on November 6, 2026, which may influence market sentiment following the tech rout.