# Tech selloff: AI spending concerns

> Tech stocks drop as investors question AI spending sustainability.
- Title: Tech selloff: AI spending concerns · MoneyWeek | Shortify
- Summary: Tech stocks drop as investors question AI spending sustainability. Tech giants lost $5 trillion market value after AI spending concerns led to Alphabet and…
- Keywords: ai spending, nasdaq 100, alphabet, intel, tech stocks, ai profits, investor sentiment, ai concerns, Tech, selloff, spending, concerns
- Source: MoneyWeek — https://moneyweek.com/investments/tech-stocks/tech-selloff-ai-spending-concerns
- Published: 2026-11-02T14:51:03+00:00
- Read time: 1 min
- Topics: ai spending, nasdaq 100, alphabet, intel, tech stocks, ai profits, investor sentiment, ai concerns
## Tech selloff
Tech giants wiped $5 trillion market value as AI spending concerns grew.
## Market drop
Nasdaq 100 fell 9% from peak to end of month.
## Investor shift
Investors now demand proof ai spending will pay off.
## Alphabet results
Alphabet reported q3 2026 earnings with diluted eps down 26.1%.
## Alphabet impact
Alphabet shares dropped 12.6% after q3 results.
## Intel decline
Intel shares fell 28.6% following q3 results.
## Investor concerns
74% of investors fear ai misinformation and job losses.
## AI benefits
68% of investors see ai healthcare improvements as positive.
## Key takeaway

Tech giants lost $5 trillion market value after AI spending concerns led to Alphabet and Intel shares falling sharply.