US tech stocks fall sharply on fears AI will hurt core businesses

Tech shares slid after Alphabet posted a record drop following disappointing results, with reports saying AI threatens its ad business. Reports also say the Nasdaq 100 entered correction territory.

Timeline

1. 2 Nov, 15:20 UTCFirst appeared on Google Trends
2. 2 Nov, 15:20 UTCPicked up on News

Top sources

• nasdaq 100Google Trends
• Nasdaq's 5.3% October Swoon: AI Capex Fears Meet a History of 24% Rebound YearsBigGo Finance
• Nasdaq's technical signal points to a difficult time aheadMarketWatch