How were Nvidia, Amazon, and Alphabet affected?

All three stocks recorded heavy losses as part of the broad tech sell-off.

Is there a clear reason for SpaceX's plunge?

No clear reason has been reported yet; the sharp decline may be due to heavy selling or undisclosed news.

How did this decline affect the Nasdaq composite?

The Nasdaq composite fell significantly due to losses in major tech stocks.

Tech Stocks Tumble as SpaceX Plunges; Amazon, Alphabet, Nvidia Hit

The tech-heavy Nasdaq composite sold off Monday as SpaceX stock plunged, dragging down major names like Amazon, Alphabet, and Nvidia.

June 23, 2026

2 min read

Source: Investor's Business Daily

Tech stocks took a sharp hit on Monday, led by a dramatic plunge in SpaceX shares that triggered a broad sell-off in the sector. Nvidia (NVDA), Amazon (AMZN), and Alphabet (GOOGL) all recorded heavy losses, dragging the Nasdaq composite lower.

Possible Causes

The sell-off comes amid growing investor concerns over elevated valuations in the tech sector, coupled with selling pressure from SpaceX's sharp decline, the reasons for which remain unclear. Uncertainty over interest rates and inflation continues to weigh on sentiment.

Context

Tech stocks had been trading near record highs in recent weeks, making them vulnerable to profit-taking. The downturn also follows hawkish comments from the Federal Reserve indicating further rate hikes.

Similar Moves in the Sector

Losses were not limited to the mentioned names; other tech stocks like Micron (MU) also declined, pointing to a broad-based sell-off across the technology sector.

Frequently Asked Questions

The sell-off was triggered by a plunge in SpaceX shares, along with investor concerns over high valuations and interest rates.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.