PA Daily | US Tech Stocks Sell Off; Seven Giants Lose $1 Trillion in Market Value, AI Chain Plunges

On November 6, 2026, US tech stocks suffered a sharp sell-off, with the Nasdaq Composite plunging 5.52% and the market value of the 'Magnificent Seven' tech giants evaporating by approximately $1.04 trillion. AI supply chain stocks were hit hard, amid concerns over potential AI regulation following the Democratic Party's midterm election wins. In crypto news, Bitcoin spot ETFs saw $430 million in net outflows, and Binance hackers have been found moving stolen funds through Chinese money-laundering networks.