Historic Sell-Off in U.S. Stocks, Musk Loses Nearly $100 Billion in a Single Day

Historic Sell-Off in U.S. Stocks, Musk Loses Nearly $100 Billion in a Single Day

2026-11-06 00:52

ChainThink News, November 6: According to MSX.CON data, U.S. equities faced significant sell-offs on Thursday, with technology stocks leading the decline.

The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite Index saw intraday maximum declines of 2.38%, 3.57%, and 5.35% respectively, while the Philadelphia Semiconductor Index plunged as much as 11.6%.

NVIDIA's stock dropped as much as 9%, while TSMC, SpaceX, and Tesla each fell up to 11%, triggering a coordinated sell-off across the AI hardware supply chain.

According to Forbes' real-time Billionaires List, Elon Musk lost $91.2 billion in single-day wealth, a drop of 10.50%; Michael Dell, Jensen Huang, Larry Ellison, and Mark Zuckerberg each saw their fortunes decline by $20.5 billion, $15.1 billion, $13.2 billion, and $12.9 billion respectively.

Combined, the five billionaires lost $152.9 billion in one day, with Musk accounting for nearly 60% of the total decline.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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