Wall Street reels from tech selloff as Nasdaq posts biggest single-day fall since June

In a surprising turn of events, US stocks experienced significant declines as Intel and Amazon reported disappointing earnings, casting doubt on artificial intelligence investments. The Nasdaq composite saw its largest drop since early June, while semiconductor stocks like Nvidia and AMD were hit hard. Despite overall healthy corporate earnings, the technology sector faced a noticeable monthly downturn, compounded by hackers stealing USD 6.

Sharing Is Caring:

Leave a Comment