Opinion | An AI Halloween Market Scare

A facts-only brief, written by a local AI model from this article in The Wall Street Journal, October 30, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.

The Nasdaq Composite fell 3% on Friday as disappointing earnings from major technology firms triggered a broad selloff in AI-related stocks. Alphabet shares dropped 14% between Thursday and Friday, erasing approximately $500 billion in market value after its quarterly advertising revenue missed investor expectations. Intel stock plunged 29% on Friday, a decline attributed to rising memory chip costs that are suppressing demand for personal computers. Amazon shares also declined following reports of higher-than-anticipated capital expenditures on artificial intelligence and negative cash flow.

Background

• Binance reported on Thursday that hackers stole $6.3 billion in stablecoins and digital assets, marking the largest known cryptocurrency theft in history.
• The exchange suspended withdrawals and stated it would use an emergency reserve fund and company assets to reimburse customers.
• Meta issued $25 billion in new shares and Microsoft announced a $25 billion bond offering this week to finance their respective AI infrastructure projects.
• Google’s cloud division revenue doubled year-over-year due to increased demand for AI tools and custom chips.

Read the full article at wsj.com

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