🚨 AI RECKONING: Nasdaq dives 3%+ as tech bleeds ~$1.5 TRILLION
Big Tech's AI spending spree just hit a wall. After Amazon & Alphabet misses and Intel's cash-burn warning, the Nasdaq 100 is on track for its worst day since June. S&P tech -5%+, Intel -31% (worst day since 1974), AMD -12%, Nvidia -4%+. Oil above $110 and a record $6.3B Binance hack add fuel. (Intraday figures, final close pending.)
🟢 Bull case: Fundamentals are still strong. 81% of S&P 500 reporters beat estimates, and capex today is revenue for chipmakers tomorrow. Microsoft showed AI spending can pay off.
🔴 Bear case: Negative free cash flow, debt-funded AI buildouts and $110+ oil mean higher costs for longer. Payback timelines are getting pushed out.
Buy the dip or wait for capitulation? 👇
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