Nasdaq Plunges On Ai Doubts

Nasdaq 100 Index Plunges $1 Trillion Amid AI Uncertainty and Alphabet's Lukewarm Earnings Report.

Transcript

00:00It's Benzinga, and here's what's on the block.

00:02The Nasdaq 100 index saw a $1 trillion decline on Wednesday as investors questioned how long

00:08it will take for substantial investments in artificial intelligence technology to generate

00:12returns.

00:13Stocks of major AI-focused companies like NVIDIA, Broadcom, and Arm Holdings dropped

00:18sharply.

00:19Questions arose around how long it will take for companies spending huge sums on AI infrastructure

00:23to see returns on their investments.

00:25Alphabet's earnings report, which showed high capital expenditures, triggered the sell-off

00:29in AI stocks.

00:30For all things money, visit Benzinga.com.