ChainThink reports that, according to MSX.CON data, U.S. stocks suffered heavy selling on Thursday, with technology stocks leading the declines.
The Dow Jones, S&P 500, and Nasdaq Composite indices fell intraday by as much as 2.38%, 3.57%, and 5.35%, respectively, while the Philadelphia Semiconductor Index dropped as much as 11.6%.
NVIDIA's stock briefly dropped 9%, while TSMC, SpaceX, and Tesla each fell as much as 11%, as the AI hardware supply chain faced concentrated selling pressure.
According to Forbes' real-time billionaire rankings, Elon Musk's net worth decreased by $91.2 billion in a single day, a decline of 10.50%;
Michael Dell, Jensen Huang, Larry Ellison, and Mark Zuckerberg each saw their net worth decrease by $20.5 billion, $15.1 billion, $13.2 billion, and $12.9 billion, respectively.
The combined net worth of the five billionaires declined by $152.9 billion in a single day, with Musk's individual loss accounting for nearly 60%.