WS #16962
The Nasdaq 100 and QQQ have plunged approximately 5%, breaching the 200-day moving average as investors dump AI infrastructure and software stocks. The VIX spiked 29% to 28, signaling extreme fear. The sell-off is driven by concerns over hyperscaler capital expenditure sustainability and political uncertainty following the US midterms. Key names like Palantir, CrowdStrike, and Arm Holdings have dropped double digits, while semiconductor stocks like Micron and AMD face heavy selling pressure.
AI Selloff and Tech Correction
The Nasdaq 100 and QQQ have plunged approximately 5%, breaching the 200-day moving average as investors dump AI infrastructure and software stocks. The VIX spiked 29% to 28, signaling extreme fear. The sell-off is driven by concerns over hyperscaler capital expenditure sustainability and political uncertainty following the US midterms. Key names like Palantir, CrowdStrike, and Arm Holdings have dropped double digits, while semiconductor stocks like Micron and AMD face heavy selling pressure.