# AI Trade Takes a Hit

> Meta sheds 667.4 billion yuan in one day as chip stocks plunge.
- Title: AI Trade Takes a Hit · BigGo Finance | Shortify
- Summary: Meta sheds 667.4 billion yuan in one day as chip stocks plunge. Meta lost 6.51% in value, wiping $100 billion (667.4 billion yuan) off its market cap as chip…
- Keywords: meta, nasdaq, chip stocks, ai trade, semiconductor, spacex, brent crude, bitcoin, finance, markets, Trade, Takes
- Source: BigGo Finance — https://finance.biggo.com/news/44c2be58-98d3-4ec3-9f4e-8db191d8c600
- Author: BigGo Finance
- Published: 2026-10-22T14:55:13+00:00
- Read time: 1 min
- Topics: meta, nasdaq, chip stocks, ai trade, semiconductor, spacex, brent crude, bitcoin, finance, markets
## Market Reaction
U.S. trading on Oct. 22 saw Nasdaq drop 2%, S&P 500 fall 1.17%, and Dow slip 0.4%.
## Meta Plunges
Meta dropped 6.51%, wiping $100 billion (667.4 billion yuan) off its market value in one session.
## Chip Stocks Fall
Philadelphia Semiconductor Index dropped nearly 4%, Lam Research fell over 10% after citing supply-chain constraints.

> supply-chain constraints
## SpaceX and Tech Giants
SpaceX fell 5.1%, Amazon dropped 3.91%, and Nvidia lost 2.95% in the same session.
## Chinese ADRs Weaken
Nasdaq Golden Dragon China Index fell over 1%, with 21Vianet and NetEase dropping more than 4%.
## Commodities and Crypto
Brent crude rose to $112 a barrel, spot silver fell over 4%, and Bitcoin dropped 2% with 90,000 liquidations.
## Market Impact
Investors grew skeptical about AI capital spending payback timelines, shifting capital from tech to value sectors.
## Key takeaway

Meta lost 6.51% in value, wiping $100 billion (667.4 billion yuan) off its market cap as chip stocks fell sharply.