TREE NEWS reports: The Nasdaq 100 extended its drop to 2%, with index members CoreWeave down 11.7% and Nebius Group NV down 11.0%. Strategy, facing a potential MSCI deletion, fell 9.5%, while Moderna lost 9.6% and Palo Alto Networks and Fortinet each dropped 7.8%. The S&P 500 widened its decline to 1%, as the VIX jumped 18.0% to 19.43.
Nasdaq 100 Falls 2% as CoreWeave, Nebius, Strategy Lead Declines
AI take
The selloff is concentrated in AI-infrastructure and crypto-linked names rather than the broad index, which points to a repricing of that specific cohort's premium rather than a general risk-off move. Strategy's decline carries an added, structural wrinkle: an index-eligibility question is a different kind of risk than sentiment, since it touches forced flows rather than discretionary positioning. The VIX jump signals the stress is spilling into hedging demand. Whether the weakness stays confined to these high-beta names or broadens into the wider index is the open question.
Generated by AI for reference only.
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