StocksMedium•5 November 2026•
1 min read
US Tech Giants Erase $1.7 Trillion in Market Value During Sector Sell-off
Key Facts
1Ten major U.S. tech companies erased approximately $1.74 trillion in market value on Thursday.
2Semiconductor firms NVDA, MU, and AMD led the heavy sell-off in the AI and chip sector.
Ten major U.S. tech companies erased approximately $1.74 trillion in market value on Thursday. Benzinga reported that semiconductor firms NVDA, MU, and AMD led the heavy sell-off across the AI and chip sectors.
NVDA closed at $200.13 on November 4, 2026, while MU closed at $795.23 on the same date. Within the peer group, AMD closed at $488.78 and TSM closed at $395.75 on November 4, 2026, as high-momentum stocks faced significant pressure following the U.S. midterm elections held on November 3, 2026.