CoinDesk reported that anxiety around the AI boom has weighed on U.S. tech stocks, with the Nasdaq 100 falling about 10% in the three weeks since reaching a record high on Oct. 6. The move included a 4.5% decline on Friday alone. While the source headline referenced OpenAI reportedly cutting fundraising and valuation targets, the provided digest did not include additional details on those reported changes. The available information focused on the market reaction and the recent slide in the Nasdaq 100.
Anxiety around the AI boom has sent the Nasdaq 100 down about 10% in the three weeks since the index hit a record high on Oct. 6, according to CoinDesk.
The decline included a 4.5% drop on Friday. The provided digest did not include further details about the headline reference to OpenAI's reported fundraising or valuation target cuts.
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