According to BeInCrypto, Wall Street ended October with a severe selloff that removed approximately $2 trillion from the Nasdaq‑100’s total market value. Investors expressed uncertainty about whether the artificial intelligence boom could sustain its very high costs. The impact was seen primarily in technology sector holdings.
In the latest trading day, Intel fell nearly 29 percent, Reddit declined 29 percent, and Alphabet – the parent company of Google – lost more than $500 billion in value.
