# Nasdaq 100 Correction from AI Fears

> Nasdaq 100 drops 1.4% as AI spending worries trigger tech correction.
- Title: Nasdaq 100 Correction from AI Fears · mint | Shortify
- Summary: Nasdaq 100 drops 1.4% as AI spending worries trigger tech correction. The Nasdaq 100 entered a correction after megacap results amplified AI cost concerns.
- Keywords: nasdaq 100, ai fears, megacap results, tech correction, big tech, ai spending, news, india, Nasdaq, 100, Correction, Fears
- Source: mint — https://livemint.com/market/nasdaq-100-enters-correction-as-megacap-results-amplify-ai-fears-11793658450748.html
- Published: 2026-11-02T22:27:30+00:00
- Read time: 1 min
- Topics: nasdaq 100, ai fears, megacap results, tech correction, big tech, ai spending, news, india
## Nasdaq 100 Correction
The Nasdaq 100 Index tumbled into a correction on Monday.
## 1.4% Drop to 27,989.82
The tech-heavy index fell 1.4% to 27,989.82, down 10% from Oct. 6 peak.
## AI Spending Worries
Investors grow concerned about AI buildout costs and delayed payoffs.
## Megacap Results Impact
Alphabet Inc. and Meta Platforms Inc. slumped after weak earnings reports.
## Key takeaway

The Nasdaq 100 entered a correction after megacap results amplified AI cost concerns.