Guardian: Nasdaq 100 falls 5.5% in a week as AI's $1tn investment boom faces a reckoning
nordicinst · x · 2026-10-20
The Guardian analyzes recent AI stock turbulence: the Nasdaq 100 dropped 5.5% in a week, stoking bubble fears around this year's estimated $1tn AI investment.
The rot reportedly began when Australian datacenter firm Firmus failed to list on the ASX — an IPO once valued above Telstra before delivering any promised earnings. Experts say the correction may reflect investors taking a "more balanced approach" to valuations rather than systemic risk to the entire AI market; if this is the end of the boom, it's only the very beginning.
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