Why Did the US Stock Market Crash? $2 Trillion Wiped Out

Wall Street ended October with a brutal selloff, wiping roughly $2 trillion from the Nasdaq-100’s market value as investors questioned whether the artificial intelligence boom could justify its enormous costs. The damage was concentrated in technology stocks. Intel collapsed nearly 29% on Friday, Reddit fell 29%, and Google parent Alphabet lost more than $500 billion in market value on Thursday alone. China’s AI bubble burst last week , crashing most of its tech stocks. Is the same pattern now unfolding on Wall Street? Why Did the US Stock Market Crash? The immediate trigger was disappointing corporate earnings. Several major technology companies revealed how much money they were spending on AI, while others warned of slowing growth. Investors were already nervous about elevated stock valuations.

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