Tech markets are getting crushed as a brutal Nasdaq sell-off wipes out trillions in AI and chip stock gains, and SpaceX’s post-IPO valuation takes a major hit after a three-day losing streak. We break down what’s really driving the tech bloodbath, why SpaceX is suddenly under pressure, and how Lucid’s decision to slash 18% of its U.S. workforce exposes the harsh reality facing EV makers in 2026.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
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