GoKawiilNasdaq 100 heads for $1 trillion drop amid AI stock selloff
US tech stocks fell sharply on Friday, with the Nasdaq 100 down 2.6% and on pace for a roughly $1 trillion decline. Amazon shares dropped about two percent despite strong cloud earnings, as investors focused instead on its 2026 capital expenditure plans of $220 billion tied largely to AI. The slide followed Alphabet's historic 12.6% single-day plunge on Thursday, which wiped out over $500 billion in market value.
GoKawiil's interpretation of the reporting above, not reported fact.
The back-to-back selloffs suggest investors are growing wary of massive AI infrastructure spending by a handful of dominant tech firms, especially given AI's uncertain path to commercial profitability. Former regulator Rohit Chopra's comment that the market feels it has 'no choice' but to pursue this hyperscale approach hints at a broader anxiety that AI spending has become self-reinforcing rather than fundamentals-driven. Whether this marks the start of a deeper correction or a temporary pullback remains unclear.
- Nasdaq 100 was down 2.6%, risking a $1 trillion market value drop.
- Alphabet suffered its worst-ever trading day, losing over $500 billion on Thursday.
- Amazon's $220 billion 2026 capex plan, largely AI-related, failed to reassure investors despite strong cloud results.
Source: futurism.com — Joe Wilkins, 2026-10-30
Published there as: “Stock Market Bloodbath Spikes Fears of AI Bubble Bursting”
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