US stocks experienced a sharp sell-off on Thursday, and technology stocks became the hardest hit area. In the intraday period, the biggest declines of the Dow, S&P 500, and Nasdaq Composite Index once reached 2.38%, 3.57%, and 5.35% respectively. The Philadelphia Semiconductor Index once extended to 11.6%, and the AI hardware industry chain experienced concentrated sell-off. Nvidia once plummeted 9%, while TSMC, SpaceX, and Tesla once plummeted 11%. Forbes's real-time billionaire rankings show that the decline in US stocks has drastically shrunk the value of many of the world's tech billionaires. Elon Musk's worth fell by $91.2 billion in a single day, or 10.50%; Dell Tech founder Michael Dell decreased by $20.5 billion, or 9.60%; Nvidia CEO Wong In-hoon, decreased by 8.70%; Oracle founder Larry Ellison lost $13.2 billion, or 8.05%; Meta founder Mark Zuckerberg decreased by $12.9 billion, or 5.98%. The total net worth of the five wealthy people mentioned above shrunk by 152.9 billion US dollars in a single day. Among them, Musk's reduction in the value of one person accounts for nearly 60% of the total loss of the five. The current decline in wealth mainly reflects the impact of falling stock prices of related listed companies on the valuation of the shares held by the rich.

US stocks experienced a sharp sell-off on Thursday, and technology stocks became the hardest hit area. In the intraday period, the biggest declines of the Dow, S&P 500, and Nasdaq Composite Index once reached 2.38%, 3.57%, and 5.35% respectively. The Philadelphia Semiconductor Index once extended to 11.6%, and the AI hardware industry chain experienced concentrated sell-off. Nvidia once plummeted 9%, while TSMC, SpaceX, and Tesla once plummeted 11%. Forbes's real-time billionaire rankings show that the decline in US stocks has drastically shrunk the value of many of the world's tech billionaires. Elon Musk's worth fell by $91.2 billion in a single day, or 10.50%; Dell Tech founder Michael Dell decreased by $20.5 billion, or 9.60%; Nvidia CEO Wong In-hoon, decreased by 8.70%; Oracle founder Larry Ellison lost $13.2 billion, or 8.05%; Meta founder Mark Zuckerberg decreased by $12.9 billion, or 5.98%. The total net worth of the five wealthy people mentioned above shrunk by 152.9 billion US dollars in a single day. Among them, Musk's reduction in the value of one person accounts for nearly 60% of the total loss of the five. The current decline in wealth mainly reflects the impact of falling stock prices of related listed companies on the valuation of the shares held by the rich.