Nasdaq Slides 2.6% as Meta’s AI Spending Raises Fresh Doubts Over Tech Rally
Wall Street’s technology shares suffered their steepest sell-off in months on Thursday as disappointing investor reactions to high-profile earnings reports revived concerns about the cost of the artificial intelligence boom and its potential to reward investors. The Nasdaq Composite fell 2.60%, losing 694 points to close at 26,008.86, its largest daily percentage decline since early […] The post Nasdaq Slides 2.6% as Meta’s AI Spending Raises Fresh Doubts Over Tech Rally appeared first on Tekedi
Wall Street’s technology shares suffered their steepest sell-off in months on Thursday as disappointing investor reactions to high-profile earnings reports revived concerns about the cost of the artificial intelligence boom and its potential to reward investors. The Nasdaq Composite fell 2.60%, losing 694 points to close at 26,008.86, its largest daily percentage decline since early […]
The post Nasdaq Slides 2.6% as Meta’s AI Spending Raises Fresh Doubts Over Tech Rally appeared first on Tekedia.
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About this article
- Length
- 76 words · 1 min read
- Published
- October 23, 2026
- Byline
- Samuel Nwite
- Source
- Tekedia