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Tech Stocks Sell Off as Worries Over AI Spending Resurface

US stocks mostly fell on October 22, with the Nasdaq Composite losing 2.6% to 26,008.86 points, its steepest one-day drop since June, and the S&P 500 down 1.21% to 7,663.43 points. Meta Platforms shares slid about 7% despite revenue beating expectations, after the company raised its capital spending forecast, prompting doubts about when the huge AI investments will pay off. Chip stocks fell too, with AMD down more than 8%, Micron 6% lower and Nvidia 4% lower, after Nvidia CEO Jensen Huang acknowledged that capital is scarce, which Wells Fargo traders said 'spooked the market'. Brent crude jumped 4% to $113.17 a barrel on reports of planned US and Israeli strikes on Iran, while investors moved into Treasuries, pushing the 10-year yield down more than 17 basis points to 4.972%.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Cổ phiếu công nghệ bị bán tháo vì lũ lượt đổ tiền vào AI

Read the original on CafeF ↗

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Close on 10/22/2026704.59
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