BusinessPhoto: HT BusinessNasdaq 100 Drops Nearly 4% as Intel Shares Plunge 30% on AI Spending Worries
Wall Street stocks fell sharply with the Nasdaq 100 dropping nearly 4% and the S&P 500 down about 2%, driven by disappointing results from major tech firms. Intel shares plunged roughly 30%, its biggest one-day drop in over 40 years, after missing market expectations. Amazon also fell 2% amid concerns over rising AI infrastructure costs. The Nasdaq has lost over $1.2 trillion in October amid doubts about AI investment returns.
HT Business·




