US technology stocks collapsed at open, erasing $1.3 trillion in market cap with major indices down 4–15%.
Macro & Markets ·
US technology stocks fell sharply at market open, with $1.3 trillion in market capitalization erased within 30 minutes. The Nasdaq 100 declined 4%, while individual stocks showed steeper losses, including SanDisk down 15%, Western Digital and Nebius each down 13%, AMD and Seagate each down 12%, and numerous major names including Tesla, Dell, Qualcomm, and Micron down 10%. Dozens of technology-sector companies declined 10% or more during the opening session.