Nasdaq 100 on track to lose over $2 trillion in October as AI spending spooks investors
nordicinst · x · 2026-11-01
Per Reuters, the tech-heavy Nasdaq 100 has fallen over 5.8% in October, wiping out more than $2 trillion in market value (slightly more than SpaceX's entire valuation) as Big Tech earnings intensified scrutiny of AI spending returns.
- Meta, Alphabet and Amazon raised AI infrastructure spending forecasts, unnerving investors as rising borrowing costs make debt-funded capex harder to justify.
- Alphabet suffered its biggest one-day percentage drop on record after weak search-ad results and accelerating cash burn.
- Meta's record $97.5 billion fundraise heightened dilution concerns and fears other giants will increasingly tap capital markets.
Related event: AI Spending Fears Wipe Over $2 Trillion Off Nasdaq 100 in October(2 posts)→
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