📰 ET Markets 🔴 BEARISH 🕒 23 Oct 2026, 01:45 AM IST

US stocks today: Nasdaq slumps 2.5%, S&P 1% as revived AI doubts ignite tech selloff

⚡ Instant Key Takeaways (TL;DR)

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Core Development: US stocks today: Nasdaq slumps 2.5%, S&P 1% as revived AI doubts ignite tech selloff

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Market & Financial Impact: US stocks fell sharply as renewed concerns over massive AI spending triggered a selloff in technology and semiconductor shares. The Nasdaq suffered its steepest one day decline since June, while the S&P 500 also dropped. Tesla and Meta fell, while oil prices climbed to a five-month high amid fresh Middle East tensions.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

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US stocks today: Nasdaq slumps 2.5%, S&P 1% as revived AI doubts ignite tech selloff

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