Fear wiped Wednesday’s midterm rally in under an hour. The Nasdaq closed at 24,315, down 5.5%, and about 11.9% below its October 6 close of 27,599.79. That is a correction. The S&P 500 fell 4.4% to 7,353.73. The Dow sank 1,833 points, or 3.4%, to 51,523.06. Chips and memory led: SanDisk down about 22%, AMD and Micron about 17%, Nvidia about 9.2%. Meta closed near $607, down about 3.6%.
Fear wiped the midterm rally in under an hour.
When markets panic this hard, opportunity shows up for people who keep a cool head.
I invest as a scout and angel who watches both public tape and private decks every week. After a day like this, I skip the blanket mega-cap AI dip. I put capital where paid usage and short payback already show up.
Below the paywall I name the public tickers I am sorting after today’s rout, the application and vertical companies with real revenue numbers, the efficiency infra I still watch, and the private diligence checklist I run before writing a check, plus the 5 checks before you buy any AI dip this week.