{
  "id": 17261149,
  "title": "Stock Market Bloodbath Spikes Fears of AI Bubble Bursting",
  "url": "https://urgent.news/2026/10/30/stock-market-bloodbath-spikes-fears-of-ai-bubble-bursting",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-30T15:49:28.000Z",
  "source": {
    "name": "Futurism",
    "slug": "futurism",
    "url": "https://futurism.com/future-society/stock-market-bloodbath-ai-bubble-earnings"
  },
  "original_language": "en",
  "account": "On Friday, the entire US stock market resembled a Halloween horror scene, largely due to a sharp decline in tech stocks tied to the burgeoning AI bubble. The tech-focused Nasdaq 100, which includes major AI companies such as Apple, Nvidia, Microsoft Corp, and Amazon, saw a 2.6 percent drop. NBC News reported that the losses could potentially amount to a $1 trillion reduction in value. Amazon experienced a 2 percent drop when trading began that morning, despite its Q3 earnings report indicating continued progress in its cloud computing division. However, this progress was not sufficient to counter the prevailing concerns over the AI bubble. Amazon's planned capital expenditures for 2026, which total $220 billion and are heavily invested in AI, added to the investors' unease. Friday's market downturn followed a 12.6 percent decline in Google's parent company Alphabet's shares earlier in the week. This represented the company's worst single trading day and the second-largest single-day stock loss in history, wiping out over $500 billion in market value. The market sentiment is increasingly clouded by fears of an AI bubble burst, as trillions of dollars remain invested in a handful of top AI firms, which have yet to prove that their technology can become commercially viable. This has led many to question the sustainability of the current hyperscale approach—where tech monopolies construct massive, energy-consuming data centers to fuel AI demand—compared to deploying more efficient and lightweight models at a fraction of the cost. While it is too soon to declare the end of the AI frenzy, some investors believe that the hyperscale approach will ultimately succeed, as former federal consumer protection regulator Rohit Chopra told Politico. \"Many in the market feel we have no choice but for it to work out,\" Chopra explained. However, he added that at some point, the market will determine whether revenue and growth projections materialize. If they do not, Chopra warned, a significant ripple effect could be felt throughout the economy.",
  "summary": "\"Many in the market feel we have no choice but for it to work out.\" The post Stock Market Bloodbath Spikes Fears of AI Bubble Bursting appeared first on Futurism .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}