The tech-heavy Nasdaq Composite Index finished October 2025 on a high note, buoyed by strong earnings from the sector's biggest names. Investors cheered as giants like Amazon, Alphabet, Microsoft, and Meta posted record revenues and profits. Yet beneath the surface, a significant trend has emerged—massive capital expenditure on artificial intelligence (AI).
While Amazon led gains with a 9.58% rise on October 31st, other tech titans faltered. Alphabet, Microsoft, and Meta all slipped into the red, reflecting investor concerns over the industry's aggressive push into AI. The most vocal criticism targeted Facebook's parent company, Meta, and its CEO Mark Zuckerberg.
