Nasdaq faces huge drop as AI spending fears deepen
The Nasdaq 100 faces a two trillion dollar loss in October as rising artificial intelligence investments and higher borrowing costs worry investors. Big Tech companies continue increasing infrastructure outlays while awaiting returns.
Xurve View
Insights:
Xurve View
The Nasdaq 100 is on track to shed over $2 trillion in market value this October as rising artificial intelligence spending tests investor patience. The pullback reflects growing skepticism over whether billions in tech outlays can generate returns quickly enough. The drop exceeds the entire market capitalization of SpaceX.
