The NASDAQ 100 index enters its third correction of 2026; the sale of AI shares erases trillions in market value
2026-11-03 21:26:44
According to CoinMeta, the Nasdaq 100 index officially entered a correction zone on November 2, falling 10.4% from its record high of 31,224.47 points in October to close at 27,989.82 points, a one-day decline of 1.39%. This correction was due to investors continuously selling artificial intelligence stocks, concerned about whether massive technology expenditures would generate sufficient profits. During October, the sale of AI stocks resulted in a loss of over $2 trillion in value for the tech market. Although Intel reported a 78% increase in its data centers and AI division, its stock price plummeted by nearly 29% on October 30. Other semiconductor companies also faced pressure, with Marvell falling by about 12.7%, AMD by 7.5%, and Micron by nearly 5.9%.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
Follow WalletJYS official accounts to stay updated

Hot Articles
Refresh

Bitcoin November Price: Can It Hit $90,000?
11-02 13:02

Alphabet Loses $500B, Microsoft FCF Turns Positive: Why?
10-30 12:17

How to Buy BNB? 2026 Potential & Key Risks Explained
10-29 12:50

Bitcoin Below $80K: What's Next? Can StanChart Hit $100K?
10-27 12:47

Where is the Coinbase Sign-Up Entrance? 2026 New User Guide
10-26 12:44



