Thread: Friday June 5, 2026 | Chip Selloff Erases Over $1 Trillion in U.S. Stock Market Value

ABSOLUTE BLOODBATH: One TRILLION Dollars Wiped from US Stock Market Within Hours, Trump Dumbfounded



Credits:
Channel: Dahboo77
Published: 6/5/26
4:16 minutes

Summary
We just had over 1 TRILLION Dollars wiped from the US Stock Market in Two Hours.

Trump's response doesn't look good.

He seems confused as to why the market is dumping after a strong jobs number report release.

He seems to be completely disconnected from what really happening in the world.

These massive sell offs in the markets keeps getting larger and larger.

While the top dogs are sitting on the sidelines in cash.

There has never been a more monious sign that the market is about to fold.If you still have any money in a 401k, you might want to think about what your doing.Once the big event hits.

It will be too late to make a move.

People will get stuck holding the bag en mass.

This will usher in the next recession into depression.

Chip Selloff Erases Over $1 Trillion in Stock Market Value

By Reuters
|
June 5, 2026, at 3:54 p.m.

https://money.usnews.com/investing/n...k-market-value

REUTERS

FILE PHOTO: Computer motherboard and chip appear in this illustration taken August 25, 2025.
REUTERS/Dado Ruvic/Illustration/File Photo

By Noel Randewich

June 5 (Reuters) - U.S.-traded chipmakers ⁠plunged ⁠on Friday, losing over $1 ⁠trillion in market value, with deep losses in AI ​heavy hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom's *weak report earlier this week *reverberated across Wall Street.

The PHLX chip index slumped almost 8.5% ⁠in ⁠afternoon trading, putting it on track for its deepest one-day ​loss since Wall Street's "Liberation Day" tariff selloff in April 2025.

Friday's selloff added to losses on Thursday after Broadcom gave a quarterly report that showed demand ​for its custom AI chips business falling short of lofty expectations.

The ⁠PHLX's ⁠combined loss of more ⁠than ​10% over two sessions shows investors are becoming more concerned about pricey, ​high-flying tech stocks just ⁠as Elon Musk prepares a blockbuster initial public offering next week for SpaceX at an exceedingly high $1.75 trillion valuation.

Even after Friday's losses, the PHLX chip index remains up 75% year to date.

Nvidia, the ⁠world's most valuable chipmaker, fell about 6%, cleaving more than $300 billion from ⁠its market capitalization.

Micron Technology tumbled 11%, evaporating $127 billion in market value. Recent investor darling Marvell Technology gave back 12%, while AMD lost 10.5%.

"You've had a lot of people here that were just blindly buying the dip," said Dennis Dick, a proprietary trader at Triple D Trading. "Blindly buying the dip had been winning you money, but that ended today."

Worries about higher interest ⁠rates also spooked investors across the U.S. stock market following stronger-than-expected jobs data, and the S&P 500 was down 2.3%.

One of the biggest beneficiaries of the AI race, Broadcom, was ​last down 7.5%, bringing its two-day loss to 19%.


Reporting ​by Noel Randewich
Editing by Rod Nickel

Copyright 2026 Thomson Reuters

Let's see ... $1 Trillion in a couple of hours ...

That's about $999,999,999,999 Billion ...

How many transactions would it take?!

ONLY possible via ALGORITHMIC transactions, such as very high-speed transactions (think fractions of a second) ...

Imagine if it rolled on past a couple hours we could see MANY $ TRILLIONS wiped out ...

Remember, the U.S. Stock Market was NOT designed to function this way, but evolved to an algorithmic transaction method relatively recently ...