● IndustryOct 31, 2026 · 00:098 sources
AI Stock Selloff Pushes Alphabet and Amazon Into Bear Market Territory
From huggingnews.com
AI;DR
A downturn in artificial intelligence valuations has pushed more than 60% of S&P 500 companies below 20% of their peak values, sending 21 large-cap tech names including Amazon, Meta, and Alphabet into bear market territory. The Nasdaq 100 has lost approximately $5T in market value since Oct. 6, following corporate earnings that raised concerns over AI infrastructure costs. Amazon projects $220B in capital expenditures this year, while Intel's fourth quarter revenue guidance missed expectations by $1.1B, prompting investors to rotate out of growth stocks.
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- SUPPORT@bulltheoryio“Investors are increasingly worried that Big Tech is spending hundreds of billions on AI infrastructure without generating enough cash to justify it.”x.com
- SUPPORT@kobeissiletter“The Nasdaq 100 is now down nearly -$5 trillion since October 6th.”x.com
- SUPPORT@globalmktobserv“The basket of AI stocks has underperformed the S&P 500 excluding AI stocks by -22% over the last couple of weeks, falling to its lowest level since April.”x.com
- SUPPORT@blakemillardcfa“our AI leaders-vs-laggards basket was up nearly 100% YTD at the end of June; in the time since, the entirety of that performance has been given back.”x.com
- SUPPORT@awealthofcs“5 of the Mag 7s are in a double-digit drawdown right now: NVDA -11%, AMZN -14%, TSLA -18%, META -22%, GOOG -30%”x.com
- SUPPORT@melvininvests“The problem is that companies are spending hundreds of billions of dollars building AI infrastructure, and investors are becoming increasingly concerned about how long it will take to make that money back.”x.com