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Nasdaq faces $2 trillion wipeout in October as AI spending fears deepen
The index has fallen 5.8% this month as Meta, Alphabet and Amazon lift AI spending forecasts and investors question how fast returns will follow.
Summary by Channel News Asia
7 Articles
7 Articles
Nasdaq faces $2 trillion wipeout in October as AI spending fears deepen
·London, United Kingdom
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Big Tech's AI spending spree puts over $2 trillion in Nasdaq market value at risk
As concerns rise over the Nasdaq 100, which faces risks surpassing $2 trillion this month, investors are questioning the viability of major AI investments. With firms like Meta and Alphabet boosting their spending projections, uncertainties around profitability loom large. However, positive results from Microsoft and SpaceX provide a hopeful contrast to an otherwise declining market.
·India
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Total News Sources7
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
Factuality
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