The AI sell-off compared to well-known stock market crashes

As of 6 Nov 2026 the S&P 500 is 6% below its record, while the Nasdaq is 11% down and US chip stocks 36% down, as deep as their Covid fall. Since 1928, only 16 of 56 drops that reached 6% went past 15%. After dot-com, the S&P 500 took 7 years to recover and chip stocks 18.