Nasdaq 100 falls 10% over three weeks amid AI sector jitters
CIE News ·
Based on reporting by CoinDesk; not yet independently confirmed.
Anxiety surrounding the AI boom led the Nasdaq 100 to fall approximately 10% over three weeks, including a 4.5% decline on October 30.
The Nasdaq 100 has dropped by approximately 10% over a three-week span amid growing concerns surrounding the artificial intelligence sector, according to CoinDesk. The retreat follows a record high reached by the index on October 6. The broader decline includes a 4.5% drop recorded on Friday, October 30, amid reports that OpenAI has reduced its fundraising and valuation targets.
Key facts
- Nasdaq 100 down ~10% in 3 weeks
- Record high reached Oct 6
- 4.5% decline on Oct 30