October 2026 AI stock sell-off

Tech stocks fell for a second straight day on October 30, 2026, with Intel down as much as 30% and the Nasdaq more than 3.5% lower, a day after Alphabet lost more than $500 billion in market value, as investors questioned the payoff from the $800.6 billion that Meta, Alphabet, Oracle, Amazon and Microsoft plan to spend in 2026, much of it on AI.