Business
Technology stocks slide as AI debt worries rattle global markets
October 17, 2026 at 05:27 AM
Coverage
2 reports · 1 in Arabic, 1 in English · over 9 hours
Investors sold off technology stocks worldwide this week as concerns grew over AI companies' debt and their ability to profit from massive data-center spending.
- The Nasdaq Composite fell about 2.5% on Friday, capping its worst week since June with losses of roughly 5%.
- Nvidia-backed CoreWeave dropped 12–14% on Friday, leaving shares down about 25% on the week as bond yields signaled distress.
- Semiconductor stocks fell, with Micron, Intel, AMD and Broadcom each down over 4% Friday and the Philadelphia index off about 11% on the week.
- Nvidia CEO Jensen Huang told Bloomberg he is optimistic about CoreWeave, whose shares remain down over 60% from their 2025 peak.