EconomyUS tech stocks tumble as investors fret over AI spending
US tech stocks fell sharply as investors questioned whether companies’ huge AI investments can be sustained. The Nasdaq Composite dropped 2.6 percent on Thursday, while the S&P 500 fell 1.21 percent. All but Apple among the “Magnificent 7” posted substantial losses, and the sell-off spread to Asian markets.
AAl Jazeera★★★☆☆2026-10-23 03:13Original
US tech stocks tumble as investors fret over AI spending
Economy