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Stock Market News, Oct. 30, 2026: Tech Selloff Pushes Nasdaq to Its Worst Month in Over a Year

The Nasdaq Composite fell more than 3% on Friday, October 30, as a broad technology selloff wiped out nearly $1 trillion in market value. Investors are questioning the returns on massive artificial intelligence spending following disappointing earnings from Amazon, Intel, and Alphabet. The Nasdaq plummeted 5% in October, marking its worst monthly performance since March 2025. Nasdaq futures tumbled nearly 800 points as the S&P 500 and Dow also declined amid an AI reckoning on Wall Street.

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  • ✓ The Nasdaq Composite dropped more than 3% during trading on October 30.
  • ✓ Technology stocks lost nearly $1 trillion in market value.
  • ✓ The Nasdaq fell 5% in October.
  • ✓ Investors are questioning if massive AI spending will deliver expected returns.
🛡️ Source Corroboration: 18 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Earnings misses from Amazon and Intel intensified the selloff following Alphabet's disappointing results.

Live updates

  1. Tech Selloff Drives Nasdaq to Worst Month in Over a Year

    The Nasdaq Composite fell more than 3% on Friday, October 30, as a broad technology selloff wiped out nearly $1 trillion in market value. Investors are questioning the returns on massive artificial intelligence spending following disappointing earnings from Amazon, Intel, and Alphabet. The Nasdaq plummeted 5% in October, marking its worst monthly performance since March 2025. Nasdaq futures tumbled nearly 800 points as the S&P 500 and Dow also declined amid an AI reckoning on Wall Street.

    Why it matters

    This downturn reflects growing skepticism regarding the AI boom and whether high capital expenditures will generate timely profits. Some analysts compare the current volatility to the tech bubble burst of 2000.

    What is confirmed

    • The Nasdaq Composite dropped more than 3% during trading on October 30.
    • Technology stocks lost nearly $1 trillion in market value.
    • The Nasdaq fell 5% in October.
    • Investors are questioning if massive AI spending will deliver expected returns.
    • Earnings from Amazon, Intel, and Alphabet contributed to the selloff.

    Still unconfirmed

    • The Nasdaq's current volatility resembles the market crash of 2000.
    • Intel stock crashed in premarket trading.

    What to watch next

    • Upcoming midterm election results
    • Further Big Tech earnings reports
    • Changes in AI capital expenditure guidance from major firms
    Sources used for this update (19)
    1. www.nbcnews.com — Tracking the 2026 early vote
    2. WSJ — Stock Market Today: Intel Stock Crashes Premarket as Tech Selloff Extends — Live Updates
    3. CBS News — Tech stocks crushed as Nasdaq futures tumble nearly 800 points
    4. www.cnn.com — Wall Street sell-off continues as investors question returns on ‘monster AI splurge’
    5. NBC News — Tech stocks set to wipe out more than $1 trillion as concerns deepen about the AI boom
    6. Yahoo Finance — Stock market today: Nasdaq dives over 3%, S&P 500 and Dow tank as AI reckoning grips Wall Street
    7. Bloomberg.com — Wall Street Turns Ruthless as Earnings Misses Fuel Deep Selloffs
    8. MarketWatch — The selloff in tech stocks is shifting into overdrive
    9. www.theguardian.com — Tech sell-off drives US markets down by nearly $1tn after ...
    10. finance.yahoo.com — Markets News, Oct. 30, 2026: Tech Sell-Off Sends Nasdaq, S&P ...
    11. MarketWatch — Has the tech bubble burst? Why the Nasdaq’s rough ride looks eerily like 2000.
    12. Yahoo — Nasdaq's worst day since June
    confidence 95%
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