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Nasdaq 100 Drops 2.6% as Alphabet Falls 12.6%

By Drooid · Oct 31, 2026 · How we work

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U.S. stock market plunged as tech stocks fell, with the Nasdaq 100 down 2.6% and a $1 trillion drop.
Amazon reported third-quarter earnings showing cloud momentum but not easing AI-bubble concerns.
Amazon’s 2026 capital expenditures rose to $220 billion, largely tied to AI.
Alphabet’s shares plunged over 12.6% on Thursday, erasing more than $500 billion in value.
Former regulator Rohit Chopra warned the market feels forced to make the AI hyperscale model work.

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U.S. stock market plunged as tech stocks fell, with the Nasdaq 100 down 2.6% and a $1 trillion drop.
Amazon reported third-quarter earnings showing cloud momentum but not easing AI-bubble concerns.
Amazon’s 2026 capital expenditures rose to $220 billion, largely tied to AI.
Alphabet’s shares plunged over 12.6% on Thursday, erasing more than $500 billion in value.
Former regulator Rohit Chopra warned the market feels forced to make the AI hyperscale model work.