Evaporated..

On Friday, October 30, 2026, Wall Street suffered a massive, tech-led selloff that wiped out an estimated $1.76 trillion to $1.8 trillion in total U.S. stock market value in a single session. 

Driven by intense investor anxiety over massive corporate artificial intelligence (AI) spending and underwhelming earnings guidance, the major U.S. indexes recorded their steepest single-day losses since June: 

The correction was heavily fueled by reactions to earnings reports from major tech companies released the prior evening. Intel (INTC) plummeted nearly 29%, marking its worst trading day since 1974 after issuing a weak profit forecast. 

Amazon (AMZN) slid 1.4% as worries mounted over its multi-billion dollar capital expenditures on AI infrastructure. Additionally, other chipmakers like AMD cratered nearly 11%, and Nvidia (NVDA) dropped 4.2%. 

The single-day plunge capped off a brutal month for tech, bringing the total value erased from the tech-heavy Nasdaq-100 index to more than $2 trillion over the course of October.

Comment:

Where did the money go?  Just a thought.