Nasdaq Composite Plunges 2.9%: Why Is the Tech Sell-Off Deepening, and What Comes Next?
Photo: Coinpedia
Nasdaq Composite dropped 2.86% on October 30, recording its steepest single-day decline since June. Rising AI infrastructure costs, earnings disappointments and concerns over future returns have intensified selling across technology stocks. The index is approaching its 200-day exponential moving average (EMA), putting a key long-term support level in focus. The technology rally that powered Wall Street for much of 2026 is facing a serious test. The Nasdaq Composite fell 2.86% on Friday, extending its October decline as investors reassessed the costs and potential returns of the artificial intelligence boom.
Source: Coinpedia
