Tech And AI Stocks Plunge As NASDAQ Tumbles Over 5%

5 Nov 2026, 10:21 pm · 3h ago · 1 min read · OfficeChaiNew

Technology and artificial intelligence stocks suffered a steep sell-off on Wall Street, driving the tech-heavy Nasdaq Composite down by more than 5% in a single trading session. The downturn reflects growing investor anxiety over high valuations, escalating capital expenditure on artificial intelligence infrastructure, and broader macroeconomic headwinds. High-profile AI semiconductor makers and cloud software providers bore the brunt of the market rout as traders rotated out of heavyweight tech momentum stocks. Market analysts attribute the sharp decline to recalibrated earnings expectations alongside rising concerns regarding the near-term monetisation timelines of generative AI products across global enterprise sectors.