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International Business Times
International Business Times
Business

Tech Stocks Slide As Nasdaq 100 Nears Correction Driven By AI Spending Fears

Amazon Meta Microsoft Semiconductor
A trader works on the floor of the New York Stock Exchange during the afternoon of December 10, 2014 in New York City. (Credit: Andrew Burton/Getty Images)

KEY POINTS

  • The tech-heavy Nasdaq-100 index approached correction territory, dropping roughly 10% from its June record high.
  • South Korea's Kospi index suffered a rapid bear-market decline driven by the volatility of AI chipmaker stocks.
  • Aggressive capital expenditures by tech titans have triggered intense scrutiny over return on investment ahead of upcoming earnings reports from Microsoft, Meta, and Amazon.
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