BusinessPhoto: Mint MarketsInvestors Sell Tech Stocks Over AI Spending Concerns
Technology stocks plunged on Wall Street this week as investors worried that heavy investments in AI infrastructure might not yield quick profits to justify high valuations. Despite growth in cloud and AI businesses, rising costs for data centers and advanced chips triggered a sell-off. The Nasdaq 100 fell 6.7% in October, its worst month since March 2025, amid concerns over cash flow gaps from massive capital expenditures.
Mint Markets·




