US Stock Market Crash Wipes $2 Trillion from Nasdaq-100
Current overview (not historical)
A Wall Street sell-off in October wiped approximately $2 trillion from the Nasdaq-100 index, with tech stocks bearing the brunt of the decline. Alphabet lost over $500 billion in market cap within a week due to disappointing quarterly results and accelerating AI infrastructure spending that resulted in a $9.1 billion free cash flow shortfall. Intel dropped nearly 29% after its earnings forecast missed expectations, and Reddit fell 29% for the same reason.
Written with AI from the reporting · updated 11/2/2026
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- 1Unclassified fact stationOct 31, 00:00recorded Oct 31, 12:01single source
US Stock Market Crash Wipes $2 Trillion from Nasdaq-100
Read original source ↗ BeInCryptoReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Wall Street
- Action：
- selloff
- Object：
- technology stocks
- Occurred (fact side)：
- Oct 31, 00:00
- Published (valid side)：
- Oct 31, 11:44
- First seen (known side)：
- Oct 31, 12:01
Fact stationSingle source · one-sided claimCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
- 2Unclassified fact stationOct 30, 00:00recorded Nov 2, 13:10single source
分析师警告股市本周可能出现大幅波动
Read original source ↗ BeInCryptoReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Wall Street
- Action：
- 进入高风险周
- Object：
- 股市
- Occurred (fact side)：
- Oct 30, 00:00
- Published (valid side)：
- Nov 2, 12:48
- First seen (known side)：
- Nov 2, 13:10
Fact stationSingle source · one-sided claimCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
Uncertainty marks flag where to check the sources; they are not proven causation.
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- BeInCryptoRelated fact: single sourceWall Street braces for volatile week as AI spending fears and midterms trigger selloff
Report first recorded Nov 2, 13:10
Wall Street entered a high-stakes week after Friday's sharp selloff, with the Nasdaq dropping 2.86% - its worst day since early June. Analysts warn that AI infrastructure spending concerns, upcoming midterms, and key earnings reports could trigger further declines. Intel fell nearly 29% and Amazon disappointed, while Alphabet lost about $500 billion in market value. The Kobeissi Letter noted the Nasdaq's drop coincided with rising odds of a Democratic midterm sweep, with market-implied odds surging from 65% to 72%.
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- BeInCryptoRelated fact: single sourceUS Tech Stocks Plunge $2 Trillion as AI Spending Drives Negative Cash Flow
Report first recorded Oct 31, 12:01
In late October 2026, the Nasdaq‑100 lost roughly $2 trillion in market value as investors reacted to disappointing earnings from major technology firms and the high cost of their artificial‑intelligence initiatives. Alphabet’s shares fell 13 % after reporting $9.1 billion of negative free cash flow driven by accelerated AI infrastructure spending, while Amazon posted $42.4 billion of negative free cash flow despite a 39 % rise in AWS revenue and announced $220 billion in capital expenditures for the year. Intel’s share price dropped nearly 30 % following an explosion at its Israeli plant that disrupted production and a sharp decline in PC demand, compounded by a lower-than‑expected revenue forecast. Reddit and other software companies also saw steep declines as AI‑generated search answers and weaker backlog growth eroded their business models. Rising inflation and the prospect of a Fed rate hike added further pressure on already elevated valuations.
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Event activity trend
- Latest comparable
- 3
- Comparable peak
- 10Oct 31, 12:00
- 24h change
- -49%
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