Nasdaq-100 loses $2T in October as AI trade unwinds; Intel plunges 29%

A sharp sell-off erased roughly $2 trillion from the Nasdaq-100's market value in late October, driven by investor doubts about whether AI spending can justify its costs. Technology stocks led the decline, with Intel falling nearly 29% in a single session. The move signals a potential repricing of AI-related equities and heightened risk aversion in markets.

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