AI stocks lead global market sell-off as Nvidia, Tesla, Micron plunge
Global stock markets suffered their worst sell-off in 18 months on Thursday, with AI-related companies like Nvidia, Tesla, and Micron leading dramatic declines. The Nasdaq 100 fell over 5.5 percent, its worst day since April 2025 tariffs. The S&P 500 dropped 4.36 percent, while Nvidia fell 9 percent, Tesla 10.8 percent, and Micron crashed nearly 17.5 percent. European and Asian markets followed, with Japan's Nikkei and South Korea's Kospi both down 6 percent. The sell-off followed post-midterm trading bumps, with hedge funds cutting exposure after rapid price rises. Concerns over tighter regulation and Democratic resistance to data centre projects fueled the decline, though some recovery appeared in pre-market trading.