Nasdaq fell 10% in October as tech earnings hit AI bets
From the AI digest for Oct 31, 2026
Sources Shattered
What happened: Shattered reports the Nasdaq fell 10% over October 2026 as tech earnings hit AI bets, with Alphabet down 13% and Intel down nearly 30% on the month. The piece is framed as separating what is confirmed from what is not.
What's genuinely new: The deepest monthly drawdown yet on the market strand that has run through CoreWeave's bond distress and the GPU-rental arguments — a double-digit October decline for the index across the year's largest AI-adjacent names, with the confirmed/unverified split among the figures not yet settled.
Watch: Which of the figures market data confirms or corrects, whether the declines extend into November, and whether a 10% month reaches Fed-speaker and analyst coverage of the capex-revenue math.