The US stock market experienced a sharp decline following the latest quarterly earnings reports from major technology giants. What initially appeared as a moment of celebration has quickly turned into concern among investors, who are now wary of the soaring investments in cloud computing and artificial intelligence (AI) infrastructure.
On 4 November 2025, the three main US indices suffered significant drops: the Nasdaq Composite fell by 2%, the S&P 500 declined 1.2%, and the Dow Jones Industrial Average dropped 0.5%. These declines come amidst growing fears that the AI boom may be creating a bubble similar to the dotcom crash two decades ago.
