The Nasdaq-100 fell 6.36%, its worst performance since March 2020, wiping out approximately $2.5 trillion in market capitalization. The Nasdaq Composite dropped 5.52%, while the S&P 500 and Dow Jones lost 4.36% and 3.44%, respectively. Semiconductor stocks were hit particularly hard, with Nvidia down 9.3%, Broadcom down 10% and AMD down 17.3%. Investors are concerned about a slowdown in artificial intelligence investment, regulatory restrictions, rising interest rates and insufficient profitability. Data center construction could also be slowed by political divisions, threatening about 30% of the capacity planned in the United States in 2028, according to UBS.
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