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Nasdaq faces $2 trillion wipeout in October as AI spending fears deepen - Reuters

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In short

The Nasdaq is confronting a $2 trillion wipeout in October as investor concerns intensify over artificial intelligence spending. Deepening fears regarding expenditures in the AI sector have driven the sharp downturn in the tech-heavy index.

Key points

  • The Nasdaq is confronting a $2 trillion wipeout in October as investor concerns intensify…: The Nasdaq is confronting a $2 trillion wipeout in October as investor concerns intensify over artificial intelligence spending.
  • Deepening fears regarding expenditures in the AI sector have driven the sharp downturn in…: Deepening fears regarding expenditures in the AI sector have driven the sharp downturn in the tech-heavy index.

Nasdaq faces $2 trillion wipeout in October as AI spending fears deepen    Reuters

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