U.S. stocks experience epic sell-off, top five billionaires lose $150 billion in wealth in a single day, Musk loses nearly $100 billion.

BlockBeats news, November 6 - US stocks experienced a significant sell-off, with tech stocks bearing the brunt. According to data from the BIT stock platform, the Dow Jones, S&P 500, and Nasdaq Composite indices fell by as much as 2.38%, 3.57%, and 5.35% respectively during intraday trading, while the Philadelphia Semiconductor Index widened its decline to 11.6%, with the AI hardware supply chain facing concentrated selling. Nvidia dropped as much as 9%, and TSMC, SpaceX, and Tesla each fell up to 11%.

The Forbes Real-Time Billionaires list shows that the US stock decline significantly shrank the net worth of several global tech billionaires. Elon Musk's net worth decreased by $91.2 billion in a single day, a drop of 10.50%; Michael Dell, founder of Dell Technologies, lost $20.5 billion, down 9.60%; Nvidia CEO Jensen Huang lost $15.1 billion, down 8.70%; Oracle founder Larry Ellison lost $13.2 billion, down 8.05%; and Meta founder Mark Zuckerberg lost $12.9 billion, down 5.98%.

The combined net worth of these five billionaires shrank by $152.9 billion in a single day. Among them, Musk alone accounted for nearly 60% of the total loss.