News · MarketWatch

Nasdaq-100 tumbles into its third correction this year as AI worries mount

See the full story in the original article.

Read the original on MarketWatch ↗

Keywords

Nasdaqartificial intelligencetech stocksNVDA

Open a keyword to see other news on the same topic.

Related tickers and likely impact

QQQ

▼ Likely negative

Invesco QQQ Trust

Relevance: high

MarketUS stocks
SectorETF
Close on 11/02/2026681.13
Change that session-1.36%
QQQ price, forecasts and signals →

NVDA

▼ Likely negative

Nvidia

Relevance: high

MarketUS stocks
SectorInformation Technology
IndustrySemiconductors
Market cap$5.1T
Close on 11/02/2026202.06
Change that session-1.26%
NVDA price, forecasts and signals →

SPY

▼ Likely negative

SPDR S&P 500 ETF

Relevance: high

MarketUS stocks
SectorETF
Close on 11/02/2026752.10
Change that session-0.48%
SPY price, forecasts and signals →

AMZN

▼ Likely negative

Amazon

Relevance: high

MarketUS stocks
SectorConsumer Discretionary
IndustryBroadline Retail
Market cap$2.6T
Close on 11/02/2026245.63
Change that session+2.20%
AMZN price, forecasts and signals →

GOOGL

▼ Likely negative

Alphabet Inc. (Class A)

Relevance: high

MarketUS stocks
SectorCommunication Services
IndustryInteractive Media & Services
Market cap$3.5T
Close on 11/02/2026278.99
Change that session-0.30%
GOOGL price, forecasts and signals →

META

▼ Likely negative

Meta Platforms

Relevance: high

MarketUS stocks
SectorCommunication Services
IndustryInteractive Media & Services
Market cap$1.6T
Close on 11/02/2026606.73
Change that session-1.34%
META price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

Related markets

US stocks →

Latest news

  • Here’s why Palantir’s stock is down despite a ‘bombastic’ quarter

    Palantir beat earnings expectations, but a slowdown in U.S. commercial contract growth gave some Wall Street analysts pause.

    MarketWatch·Palantirearningstech stocks
  • Gold ring and SJC gold bar prices on November 3 at SJC, PNJ, DOJI, Bao Tin Minh Chau and Bao Tin Manh Hai

    Domestic gold prices were flat on the morning of November 3, with SJC gold bars sold at 140 million dong per tael across surveyed brands and gold rings ranging from 132.8 to 139 million dong per tael. Spot gold rose to USD 3,952 per ounce after gaining 1.84% in the previous session, supported by lower oil prices and a weaker US dollar. CME FedWatch showed a 76.6% probability of a Fed rate hike in December, down from 80% a week earlier. After a tech and AI stock selloff, gold's 14-day RSI climbed to about 37 from below 30, moving it out of technically oversold territory. Investors are watching the U.S. midterm elections on November 3, while a Julius Baer analyst said the result is unlikely to significantly change the outlook for gold.

    CafeF·• PAXG/USDT• XAUT/USDT• XAU/USDgoldFedinterest rates
  • Apple’s iPhone business is booming. Here’s why the stock is falling anyway.

    Demand for iPhones remains strong, but Apple faces a worsening memory shortage and a slowing services business.

    MarketWatch·▼ AAPLAAPLsemiconductorssupply chain
  • ELEKTROS (OTC:ELEK) Advances Review of U.S. Lithium Opportunity as Critical Minerals Gain Strategic Attention

    ELEKTROS is conducting an early assessment of a possible hard-rock lithium property near the Canadian border in northern New York; the company has not acquired the property, and no independently verified mineral resource or reserve exists. The release cites general remarks by Elon Musk and President Donald J. Trump on lithium-ion batteries and critical minerals, but states these comments do not refer to the company's property or any contract. Citing a Benchmark Mineral Intelligence industry outlook, global lithium demand could more than triple by 2050, requiring 134 additional mines and over $100 billion in investment. ELEKTROS is also exploring development relationships tied to its multi-port EV charging patent, but has announced no prototype, patent license, customer deployment or revenue.

    Yahoo Finance·miningElon MuskDonald Trump
  • Why RH Stock Jumped 20% in October

    RH shares rose 20% in October according to S&P Global Market Intelligence, as housing stocks rallied and investors rotated out of AI stocks while interest rates edged lower. The Federal Reserve declined to raise its benchmark rate, and a short squeeze also lifted the stock, with 58% of its float sold short as of Oct. 15 after several quarters of sluggish growth. Shares jumped 5% on Oct. 20 and 7% on Oct. 21 on high volume, then rose 9.4% on the highest daily volume since its Oct. 22 earnings report. RH now expects full-year revenue growth of 5.5%-7% after better-than-expected results, while it keeps opening galleries and expanding in Europe. The article notes that a significant housing market recovery would be needed to accelerate growth and margins, though investors seem to see rebound potential in the sector.

    Yahoo Finance·housinginterest ratesshort selling
  • S&P 500, Nasdaq Drop As Capex Concerns Grip Tech Investors, Outweighing US-Iran Diplomacy Hope — ORCL, META, PLTR, AAPL In Focus

    U.S. stocks closed lower on Monday as investors moved out of tech and AI shares over concerns about capex and valuations. The S&P 500 fell 0.5% and the Nasdaq 100 dropped 1.4%, while the Dow Jones Industrial Average rose 0.4%. The iShares Semiconductor ETF and VanEck Semiconductor ETF (SMH) fell between 2.7% and 3.7%, while oil prices slid after signs of possible U.S.-Iran diplomatic talks. Brent crude fell 7.63% to $104.77 per barrel and U.S. WTI dropped 7.36% to $96.46. Oracle is offering $10 billion in debt alongside an equivalent stock sale, while Meta Platforms is considering a $20 billion multi-currency bond issuance. Palantir's Q3 earnings beat expectations but valuation concerns dented sentiment, while Apple's fourth-quarter revenue topped forecasts yet its Q1 outlook failed to impress investors.

    Yahoo Finance·▼ QQQ▼ SPY▼ META▼ NVDAS&P 500tech stocksAI investment

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.