Major US tech stocks experienced severe declines, with Intel (INTC) dropping 31% and Reddit (RDDT) falling 30%. Other significant losers included Roblox (RBLX) at -20%, Illumina (ILMN) at -19%, SanDisk (SNDK) at -15%, Arm (ARM) at -12.7%, and Dell (DELL) at -12.5%. The sharp downturn in high-profile technology names has drawn comparisons to the volatility typically seen in cryptocurrency memecoin markets, signaling a broader risk-off sentiment across growth-oriented sectors.