Wall Street shed $5.7 trillion in market value from its October 6 peak as months of unease over stretched AI valuations, mounting debt and uncertain returns erupted into a global selloff. The Nasdaq 100 lost $2.3 trillion on Thursday alone, and the Democratic sweep of Congress raised fears of curbs on data-center expansion. Chipmakers rebounded Friday.
Wall Street loses $5.7 trillion as AI bets unwind
Source: Moneycontrol