Tech stocks wipe out more than $1.5 trillion in value on AI boom fears

FinanceInternationalNBC NewsOct 30, 2026, 11:38 AM40 s readAI summary

Tech stocks fell sharply on Friday and the Nasdaq 100 was down 4.2% in afternoon trading, on course to erase more than $1.5 trillion in value, its worst one-day drop since mid-June. The S&P 500 was down more than 2.3% and its tech sector more than 5%. Intel plunged 31% after warning of lower fourth-quarter sales and profit, and several chipmakers fell sharply. Investor doubts about returns on artificial intelligence spending shaped the session.

In 40 seconds

The Nasdaq 100 was down 4.2% and headed for a loss of more than $1.5 trillion in value, its worst day since mid-June.
Intel sank 31% after forecasting lower fourth-quarter sales and profit due to supply chain issues.
SanDisk fell 15%; AMD, ARM, Qualcomm and Marvell dropped 12%, and ASML 7%.

Read the full story at NBC News

IASummary generated by artificial intelligence from a story by NBC News. It may contain errors: the original source prevails.

tecnológicas
Nasdaq
inteligencia artificial
semiconductores
Intel

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Tech stocks wipe out more than $1.5 trillion in value on AI boom fears

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IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day