🇭🇰 English, 31 October 2026, AI investments

Tech stocks suffer worst day since June on AI price fears

US markets drop 1.8-2.9% as investors worry about AI-driven price inflation

The sell-off for tech stocks on Wall Street worsened on Friday on fears that the frenzy around AI has sent prices too high.

Intel sank almost 29 percent for its worst day since 1974 after its profit forecast was below analysts’ expectations.

Amazon’s latest profit report raised more worries about how much companies are spending on their AI Investments.