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Nasdaq 100 Tumbles, Intel Drops 29% as AI Spending Fails to Reassure Investors

BloombergView source article

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Big Tech sheds $900 billion in market value on AI spending concerns

Major technology companies lost nearly $900 billion in combined market capitalization as investors questioned the sustainability of massive AI infrastructure spending amid slowing core business growth.

Oct 30, 2026·4 sourcesAI bubbleU.S. stock marketData platformsAI investmentUnited States TreasuriesAI bubble concernsOctober 2026 AI stock sell-offMicrosoftAlphabetCompute, chips & AI infrastructureAI data centers
Big Tech sheds $900 billion in market value on AI spending concerns
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Other sources for this story

BBC

US tech stocks see sharp falls as AI spending nears $1tn

The Wall Street Journal

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Financial Times

Big Tech sheds nearly $900bn in rout over soaring AI spending