// AI news · 2026-10-31 · Guardian Tech
Tech sell-off slashes Nasdaq by $1tn in one week
Tech stock sell-off erased nearly $1tn from Nasdaq value in one week, driven by weak earnings and doubts over AI investment returns.
Published 2026-10-31 02:27 (Beijing time)Source Guardian TechAuto-summarised, fact-checked against source
01Summary
Intel, Amazon, and Alphabet reported underperformance or overspending on AI initiatives. Nvidia dropped 3.1%, dragging down the S&P 500. Chipmakers and data center builders face pressure due to high interest rates slowing infrastructure expansion.
Summarised from the original article by an open-source model, then checked automatically: every number and English name must appear in the source. The original article is authoritative.
02Key points
- Tech stocks lost $1tn in one week, Nasdaq down 3%+.
- Intel, Amazon, Alphabet report weak profits or overspending on AI.
- Nvidia fell 3.1%, a key drag on S&P 500.
- High interest rates may slow data center expansion.
03Source
Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports
Guardian Tech · published 2026-10-31 02:27 Beijing time
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