AIReutersabout 2 hours ago
Nasdaq faces $2 trillion wipeout in October
3 min read
Nasdaq 100 faces a potential $2 trillion market value wipeout in October as AI spending fears deepen. The index fell 5.8% this month after Alphabet, Meta, and Amazon raised spending forecasts. J.P. Morgan expects global AI capex to reach $5.5 trillion by 2030, with $900 billion spent in 2026 alone.
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