Major sell-off hits tech stocks

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By James Wilson • Updated Oct 30, 2026 at 17:50

Tech Stock Selloff Deepens on Earnings, Oil Rises: Markets Wrap - Bloomberg.com — Major sell-off hits tech stocks

Tech stocks were hit hard on Friday, with the Nasdaq hitting a low not seen in months. Concerns about AI capital expenditure particular from Amazon and Intel were a major factor. The decline is predicted to lose more than a trillion dollars in value as worries about the AI boom persist. Despite the tech sector's difficulties, other areas of Wall Street were resilient, but the overall impact on the market is considerable.

“Despite the tech sector's difficulties, other areas of Wall Street were resilient, but the overall impact on the market is considerable,” — Priya Delgado, policy watcher at Copley Brook Recruitment, added during the briefing.

Timeline

Oct 28 — Tech stocks were hit hard on Friday, with the Nasdaq hitting a low not seen in months....

Oct 29 — Despite the tech sector's difficulties, other areas of Wall Street were resilient, but the overall impact on t...

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This story has been closely followed by our readers since Oct 28. The Copley Brook Recruitment desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Saturday, Oct 31.

ICYMI: India's Dominance

Editor's note: this report was prepared by the Copley Brook Recruitment desk and last updated 17:05 UTC.

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