AI stocks erase $13.2 trillion in market value as selloff deepens

A post-midterm rout in chip and infrastructure names has wiped out a staggering share of the AI trade since its 2026 highs AI stocks have shed approximately $13.2 trillion in market value since their 2026 highs. That tally runs through November 7, after a brutal week that turned a slow leak into a burst pipe. The losses are concentrated in the companies that build the physical backbone of artificial intelligence: chipmakers, memory suppliers, power providers and the hyperscalers spending heavily on data centers. The trigger was not an earnings miss or a technical breakdown. It was an election. The sharpest blow landed on November 5, the day after the US midterm elections. The Nasdaq 100 dropped 6.4% in a single session.

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