Report
Nasdaq 100 enters correction territory amid tech and AI sector selloff
The Nasdaq 100 swung from a 1.3% gain to a 1.3% loss on November 2, a finance account said.
TLDR
A finance account said the Nasdaq 100 wiped out more than $1 trillion in five hours on November 2, with chip and storage stocks leading declines. It listed MRVL down 13% and INTC down 8.9%, while Amazon was up 2.1%. Another market account put the index at least 10% off its high and called the correction a repricing amid doubts about AI spending, not a crash call.
Combined views
35.5K
2 Sources, first seen ago