{
  "id": 17285761,
  "title": "October ends with a thud for Intel, Reddit, AI stalwarts",
  "url": "https://urgent.news/2026/10/30/october-ends-with-a-thud-for-intel-reddit-ai-stalwarts",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-30T20:34:04.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/october-ends-thud-intel-reddit-ai-stalwarts-6508591"
  },
  "original_language": "en",
  "account": "October's trading session concluded on a disappointing note for several key technology and AI-related companies. Intel stock plummeted by 29%, while Reddit's value dropped by 30% following a sharp decline in the Nasdaq composite, its biggest drop since June. Additionally, SanDisk, a leading chipmaker in the AI boom, saw its shares fall by 13%. The sell-off followed a series of declines in major tech companies such as Microsoft, Meta Platforms, Amazon, and Alphabet, collectively responsible for over a third of S&P 500 capital spending over the past year. These firms' stocks fell between 1% and 2% after having previously suffered significant drops earlier in the week. Analysts suggest investors are now wary of the substantial investments made in hyperscalers and the manner in which they are being utilized. The Nasdaq 100 index, which includes large nonfinancial stocks, also experienced a 3.5% decline, nearing a 10% correction from its recent peak. The broader market saw a 7.8% decline, following the worst month since March 2025, which erased part of the year's AI-driven gains. Investors were pulling money out of riskier assets, with silver dropping 6% to 31% for the year and gold declining 3.5% to 10% for 2026. While some attributed the market volatility to the natural ebb and flow of bull markets, others pointed to concerns over the sustainability of the AI buildout and the overall health of the US economy.",
  "summary": null,
  "key_points": [
    "Intel stock drops 29% in October",
    "Reddit value declines 30% amid Nasdaq drop",
    "SanDisk shares fall 13% following tech sell-off"
  ],
  "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."
}