Nasdaq 100 drops 6.36% in AI-led selloff as bitcoin slides to about $75,900

The Nasdaq 100 ended the day 6.36% lower, its worst session since 2020 according to one market wrap, while the S&P 500 lost 4.35%. Chip, memory and data-center suppliers led the declines, with names such as Micron and Nvidia among those in focus. Other reports cited a drop of about 1,800 points in the Dow and a Nasdaq decline of around 5.5% at an earlier stage of the session.

Media coverage linked the selloff to worries about possible regulation of artificial intelligence, though some of those reports were based only on headlines and summaries, so that explanation is not fully verified. The wrap described the move as a rotation out of AI stocks that spread across the market.

Outside equities, Treasury yields fell while crude oil rebounded on incidents involving Gulf shipping. WTI settled at $90.52, up 2.72%.

Bitcoin lost roughly 5.69% and was changing hands near $75,861 toward the close. Its behaviour resembled the Nasdaq rather than gold, suggesting that risk-off flows in technology shares are spilling over into crypto and may weigh on prices in the short term.