Why the Stock Market Just Crashed

Описание: Why the US stock market crashed on Thursday, 5 November 2026, and whether it was the AI bubble popping.

On Thursday the S&P 500 fell more than 4%, the Dow lost 1,833 points and Nvidia dropped 9%, losing more than $400 billion in a single morning. The sell-off followed a midterm election in which voters turned against AI data centres, a report that 600,000 Nvidia chips were stuck in Hong Kong, and big funds selling the year's winners to lock in their gains. It came after a month in which AI stocks had already lost about $5 trillion.

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Would you have bought the dip?

0:00 The $400 billion morning
0:48 The Top
1:57 The Cracks
5:01 The Midterms
6:48 The One-Day Party
8:09 Thursday
10:59 Who Gets Hurt
12:02 Did the Bubble Pop?

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Figures as of 6 November 2026, from reporting by CNBC, Yahoo Finance, Reuters and NBC News.