Nasdaq sheds more than 700 points as tech stocks slump
Summary
Tech stocks, including Intel, Amazon, and Alphabet, plunged on Wall Street, marking the Nasdaq's worst month in over a year. Concerns over AI investments and disappointing earnings reports fueled the selloff, with investors questioning the profitability of massive AI spending.
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- Cramer’s week ahead: Expect more volatility as tech earnings, midterms loom
- U.S. Stocks Slide as Amazon, Intel Earnings Spark More AI Selling
- Wall Street drops to its worst day since June after the sell-off for tech stocks deepens - AP News
- US tech stocks see sharp falls as AI spending nears $1tn
- Wall Street Punishes Tech Stocks on Earnings Misses
- Intel stock has worst day since 1970s, wiping about $12 billion off government's stake
- Midterms, Apple earnings, jobs report. Wall Street faces a big week ahead just as investors dump tech