AI reality check triggers $2 trillion tech stock rout
Source ↗
👁 0
💬 0
Investors worry whether hundreds of billions put into AI development will bring the profits companies have promised
An estimated $2 trillion in market value was wiped from the tech-heavy Nasdaq-100 during October as investors grow increasingly skeptical that enormous spending on artificial intelligence will ever pay off.
On Friday, the Nasdaq Composite dropped 2.9% in its biggest one-day fall since June. Over the whole month, the Nasdaq shed abou
An estimated $2 trillion in market value was wiped from the tech-heavy Nasdaq-100 during October as investors grow increasingly skeptical that enormous spending on artificial intelligence will ever pay off.
On Friday, the Nasdaq Composite dropped 2.9% in its biggest one-day fall since June. Over the whole month, the Nasdaq shed abou
Comments (0)