https://www.live-feeds.com/feed/tech-stocks-set-to-wipe-out-more-than-1-trillion-as-concerns-deepen-about-the-ai-boomContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/tech-stocks-set-to-wipe-out-more-than-1-trillion-as-concerns-deepen-about-the-ai-boomhttps://www.live-feeds.com/feed/tech-stocks-set-to-wipe-out-more-than-1-trillion-as-concerns-deepen-about-the-ai-boom#u169236Mon, 02 Nov 2026 07:08:23 +0000Tech stocks are plummeting, with the Nasdaq 100 index on course for a more than $1 trillion drop. Amazon fell 7% and Intel plunged 25% in premarket trading. The sell-off comes as investors question returns on massive AI spending, with five tech giants set to spend as much as $828 billion this year on infrastructure.Why it mattersThe tech stock decline is driven by concerns over the massive spending required to build artificial intelligence infrastructure, despite positive earnings from some companies. This has led to a Wall Street sell-off, with the broader market holding on. The Nasdaq 100 in