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The Economic Times
The Economic Times
National
Piyush Shukla

Why did the Nasdaq 100 crash more than 550 points today? US stock market Dow Jones, S&P 500 and Nasdaq plunge into deep red as AI's biggest winners become the market's biggest losers

US stock market crash: The Nasdaq just handed investors a brutal reality check. On June 9, 2026, the tech-heavy index shed more than 560 points — a 2.17% decline — as chip stocks collapsed for the second week running, dragging the S&P 500 down 1.22% alongside it. The Nasdaq 100, which had opened strong near 29,679, finished the day closer to 28,662 after an intraday slide of over 750 points. This wasn't random noise. It was a sector-wide reckoning for stocks that had climbed so high, so fast, that any stumble turned into a freefall. The AI chip trade — the dominant market narrative of 2025 and early 2026 — is now confronting a question it has never had to answer: what happens when the euphoria meets the math?

This Nasdaq chip stock selloff in June 2026 isn't just a number on a screen. It is a signal about how markets price technological revolutions — and how violently they reprice them.

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