AI-linked tech stocks plunge, billionaires lose $185 billion in a single day

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The Fear and Greed Index plunged sharply on November 6, 2026, as AI-linked tech stocks crashed. NVIDIA, SpaceX, and Oracle dropped 9.3%, 9%, and 6.9%, respectively. Billionaires lost $185 billion in a single day, with Jensen Huang, Elon Musk, and Larry Ellison losing $15.1 billion, $79.7 billion, and $10.1 billion, respectively. Altcoins to watch may shift as market sentiment turns volatile.

BlockBeats news: On November 6, stocks of companies closely tied to AI infrastructure, such as NVIDIA, SpaceX, and Oracle, fell sharply yesterday. NVIDIA closed down 9.3%, recording its largest single-day drop since January 2025; SpaceX dropped 9%, and Oracle fell 6.9%.


This sell-off also caused massive wealth losses for tech billionaires. According to the Bloomberg Billionaires Index, NVIDIA CEO Jensen Huang’s net worth dropped by $15.1 billion in a single day to $150.9 billion, causing his global ranking to fall from 9th to 13th, outside the top ten.


On Thursday, Elon Musk, founder of SpaceX, and Larry Ellison, co-founder of Oracle, saw their wealth decrease by $79.7 billion and $10.1 billion, respectively.


On Thursday, the combined wealth of the 500 billionaires featured in the Bloomberg Billionaires Index decreased by $185 billion, marking the 14th largest single-day wealth loss since the index was launched by Bloomberg in 2012.

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