U.S. Stocks Plummet as Top Five Billionaires Lose Over $150 Billion in a Single Day
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On November 6, U.S. stocks experienced a sharp sell-off, with technology shares taking the hardest hit. The Dow Jones, S&P 500, and Nasdaq Composite each fell by as much as 2.38%, 3.57%, and 5.35% intraday, respectively, while the Philadelphia Semiconductor Index plunged as much as 11.6%. The AI hardware supply chain saw concentrated selling pressure, with Nvidia dropping as much as 9% intraday, and TSMC, SpaceX, and Tesla each falling as much as 11% intraday. Consequently, the net worth of several global tech billionaires shrank significantly: Elon Musk lost $91.2 billion in a single day, Michael Dell lost $20.5 billion, Jensen Huang lost $15.1 billion, Larry Ellison lost $13.2 billion, and Mark Zuckerberg lost $12.9 billion. Together, the five saw their combined wealth shrink by $152.9 billion in a single day, with Musk's loss accounting for nearly 60% of the group's total decline.

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