Nasdaq faces $2 trillion wipeout in October as AI spending fears deepen

Korea Times News · 26m ago

More than $2 trillion in market value is set to be wiped from the tech-heavy Nasdaq 100 this month, as Big Tech earnings intensified investor scrutiny of whether the billions being poured into artificial intelligence can generate returns quickly enough. The wipeout would amount to slightly more than SpaceX’s entire market value. The index has fallen over 5.8 percent so far in October as the AI…

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Nasdaq faces $2 trillion wipeout in October as AI spending fears deepen

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