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Why did investors dump technology stocks this week? AI spending concerns trigger Wall Street sell-off | Stock Market News
The US stock market witnessed a sharp sell-off on Friday (October 30), with technology stocks bearing the brunt of heavy selling as investors reassessed the artificial intelligence (AI) trade following disappointing earnings and concerns over mounting capital expenditure.
Tech Stocks Plummet; Hackers Steal Over $6B in Cryptocurrency 02:42 Get more newson Oct. 30, 2026, 9:03 AM EDT / Updated Oct. 30, 2026, 4:32 PM EDT
NEW YORK (AP) — A sell-off for tech stocks is getting worse Friday on worries that Wall Street’s frenzy around artificial-intelligence technology sent prices too high.
Tech stocks tumbled for the second day in a row as concerns rise over the hundreds of billions of dollars firms are investing in artificial intelligence (AI).
NEW YORK/LONDON, Oct 30 (Reuters) – A sharp selloff in Wall Street’s tech shares pushed MSCI’s global index down more than 1% on Friday, sending investors to the safety of US bonds on fears that hefty cash-burning AI investments may not deliver sufficient returns.
US markets US stocks opened lower on Monday, August 24, as a sell-off in semiconductor shares weighed on the S&P 500 and Nasdaq, while easing Treasury yields offered some relief. The S&P 500 fell 0.4% and Nasdaq declined 1%, while the Dow rose 0.2%. Micron, AMD and Broadcom fell sharply. Investors remained cautious ahead of…
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A Pulitzer Prize-winning historian of financial crashes sees a familiar pattern forming in today’s AI boom, and he says the same mechanism that buried railroads in 1873 and dot-coms in 2000 is already flashing in Treasury data right now.