The Marked Chart Wire · Series of events
Series of events · AI Selloff
AI stock selloff hits markets and hedge funds
Stock indexes fell as AI shares declined, with volatility rising and a major fund cutting staff.
Updated
The flow in 3 points
- AI stock decline slowed its pace in early October
- Hedge fund cut staff after a 5.9 percent monthly drop
- Nvidia fell 9.3 percent, its sharpest drop since January 2025
What happened, in order
Times are Eastern-
Where it began
Selloff cools
Stock indexes fell on Friday, though the recent decline in AI-related shares slowed its pace.
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Fund cuts staff
A $17 billion hedge fund dropped 5.9 percent last month and is reducing stock-picking teams to return capital.
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Nvidia falls 9.3 percent
Nvidia stock dropped 9.3 percent, its sharpest decline since January 2025, cutting Jensen Huang's fortune by $15.1 billion.
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Latest
VIX jumps 70 percent
The volatility index rose 69.66 percent to 28.18 as the S&P 500 dropped 4.36 percent and the Nasdaq fell 5.52 percent.
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How they connect
The AI selloff cooled initially before a hedge fund cut staff and Nvidia shares fell sharply. The volatility index then jumped significantly alongside broad market declines.
The stocks in this series
Prices from Based on Thu, Nov 5 close · Opens Fri 9:30 AM ET. Each tile opens the stock's chart and news.
A series is a short summary of connected news, for learning. Not verified and not advice. Check the full stories before you act.