Major sell-off hits tech stocks

Home / Major sell-off hits tech stocks...

By Robert Anderson • Updated Oct 30, 2026 at 17:50

Tech Stock Selloff Deepens on Earnings, Oil Rises: Markets Wrap - Bloomberg.com — Major sell-off hits tech stocks

Tech stocks were hit hard on Friday, with the Nasdaq reaching a near three-month low. Concerns about AI-related spending from major companies in the sector contributed to the sell-off. The decline is predicted to lose more than a trillion dollars in value as worries about the AI market persist. Despite the tech sector's challenges, other areas of Wall Street showed strength, but the overall impact on the market is significant.

“The decline is predicted to lose more than a trillion dollars in value as worries about the AI market persist,” — Nadia Ashcombe, chief correspondent at Elmley Worth Analytics, commented.

Timeline

Oct 27 — Tech stocks were hit hard on Friday, with the Nasdaq reaching a near three-month low....

Oct 29 — Despite the tech sector's challenges, other areas of Wall Street showed strength, but the overall impact on th...

Reader Poll: Should officials respond faster on issues like this? — 47% of Floorzzxhk readers said yes.

This story has been closely followed by our readers since Oct 29. The Elmley Worth Analytics desk continues tracking updates and will publish follow-ups across the region.

What's next: A detailed recap is expected by Saturday, Oct 31.

ICYMI: The Carabao Cup sees updates and challenges

Editor's note: this report was prepared by the Elmley Worth Analytics desk and last updated 17:15 UTC.

Romero's calf cramp forces exit

Jojo Romero was removed from the game due to a muscle strain. The injury happened during his start. This led t...

Oct 29, 2026

Phillies Offense Can Be Better With Internal Improvements in Key Area - Sports Illustrated

Bryce Harper's Trade Status

Bryce Harper continues to be a central figure in MLB trade discussions. The Philadelphia Phillies have shown i...

Oct 30, 2026

Queen Mary Shares Charming Autumn Update Featuring Dogs Grace and Coco - SSBCrack

Queen Mary of Denmark returns to work

Queen Mary of Denmark is back at work after her summer break. She returned to her official duties. A photo sho...

Oct 30, 2026

George Michael at His Eighties Pop Peak: See Photos From 'The Faith Tour' - Rolling Stone

George Michael's iconic Faith guitar and personal items

George Michael's personal items, including his iconic Faith guitar, are being auctioned, leading to a dispute...

Oct 29, 2026

"Like and Subscribe": NCIS

NCIS Season 24 Episode 4 titled "Like and Subscribe" airs tonight on CBS. The episode features a deadly consol...

Oct 28, 2026

People are having orders cancelled after using £30 off 'hack' for new Call of Duty game - LADbible

Asda struggles with widespread order cancellations after thousands of shoppers discovered a loophole in the supermarket's £30 off groceries promotion.

Asda is facing widespread order cancellations after thousands of shoppers discovered a loophole in the superma...