LIVE: Nasdaq suffers record $2.3 trillion loss as AI sell-off deepens

The Nasdaq’s AI-driven sell-off erased a record $2.3 trillion in market capitalization in a single session, the largest one-day loss of value in U.S. stock market history. The rout was concentrated in AI and technology names, which led the broader U.S. equity decline. The scale of the wipeout underscores how heavily market value is now concentrated in AI-linked stocks and how quickly sentiment can reverse. Investors will watch whether the selling pressure extends into the next session or stabilizes, and whether other indexes and sectors absorb further losses.