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AI Stocks Sell Off Sharply, Wiping $2.3 Trillion From Nasdaq 100 as Asian Markets Follow

November 6, 2026 at 03:56 EST

Finance

A sharp reversal in the global artificial intelligence trade erased $2.3 trillion from the Nasdaq 100 and set off a steep selloff across Asian markets, with India standing out as a relative bright spot.

Markets · Nasdaq 100 and Asian equities

A sharp reversal in the AI trade erases $2.3 trillion and triggers a steep Asian selloff

The decline hit many of the largest non-financial companies on the Nasdaq and spread quickly across Asia. India stood out as a rare relative bright spot.

$2.3T

Market value erased from the Nasdaq 100 in a rapid change in sentiment

Asia

Equity markets across the region fell steeply as losses spread quickly

How the reversal spread

AI-linked shares lead gains

Investors had relied heavily on AI stocks

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Sharp sentiment reversal

A brutal sell-off, not a gradual adjustment

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Losses spread across Asia

Regional equity markets sold off together

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India as the exception

Less exposed to the AI trade's reversal

Relative resilience

Indian equities were a rare exception to the regional downturn, attracting investors seeking markets less exposed to the AI trade.

Broad exposure

Other Asian markets absorbed the steep selloff, with the scale of the move underscoring how heavily valuations leaned on AI-linked shares.

Still open

Key questions that will shape the next sessions

What precisely triggered the selloff
Why India has held up relative to the region
Whether the decline stabilizes or deepens
How it reshapes valuations of AI-focused leaders that drove recent rallies
Whether the India-versus-Asia divergence persists

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