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Nasdaq falls over two percent as AI investment concerns persist

10/17/2026

The Nasdaq Composite dropped 2.1 percent Friday, closing at 26,140.03, as a rebound in technology shares stalled amid ongoing anxiety over artificial intelligence investments.

While the S&P 500 declined 1.1 percent to 7,659.44 and the Dow Jones Industrial Average slipped 0.3 percent to 52,002.41, most European and Asian exchanges recorded solid trading sessions earlier in the week.

Investors have been shifting funds away from AI-related stocks and into bonds, a trend that continued despite reassurances from major industry figures.

Nvidia chief executive Jensen Huang sought to stabilize sentiment by commenting on the financial health of CoreWeave, an AI data center firm.