Saturday, 31 October 2026

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Top StoriesNvidia weighs playing the cosigner for Nscale’s AI data center in West Virginia
Funding RoundsDulo Raises $130 Million in Seed Funding for Hardware Design AI
Venture CapitalPE Daily: Ara Partners Raises $2.5 Billion to Expand Energy Plays
M and ASalesforce’s M&A spree continues with a reported $375M deal for defense tech startup Rune
IPOs and PublicHas the tech bubble burst? Why the Nasdaq’s rough ride looks eerily like 2000.
Exits and FailuresStartups respond to Britain's budget, Greentech Alliance acquires Intermobility, and Europe’s biggest seed rounds of Q3
Artificial IntelligenceNvidia weighs playing the cosigner for Nscale’s AI data center in West Virginia
Fintech and CryptoStablecoin Regulation: Ripple’s OCC Charter Impact
Enterprise and SaaSDevs Hit by Trojanized Claude Code Extension for Cursor
Climate and BioHomePower 1000 Plus v2: Portable Power Put To Use
Founder GuideHow Harsh Vardhan Goenka became founding engineer #1 at Kalpa Labs
EcosystemsDelhivery Q2 revenue rises 20% as profit hits $4.3m

Top StoriesNvidia weighs playing the cosigner for Nscale’s AI data center in West Virginia
Funding RoundsDulo Raises $130 Million in Seed Funding for Hardware Design AI
Venture CapitalPE Daily: Ara Partners Raises $2.5 Billion to Expand Energy Plays
M and ASalesforce’s M&A spree continues with a reported $375M deal for defense tech startup Rune
IPOs and PublicHas the tech bubble burst? Why the Nasdaq’s rough ride looks eerily like 2000.
Exits and FailuresStartups respond to Britain's budget, Greentech Alliance acquires Intermobility, and Europe’s biggest seed rounds of Q3
Artificial IntelligenceNvidia weighs playing the cosigner for Nscale’s AI data center in West Virginia
Fintech and CryptoStablecoin Regulation: Ripple’s OCC Charter Impact
Enterprise and SaaSDevs Hit by Trojanized Claude Code Extension for Cursor
Climate and BioHomePower 1000 Plus v2: Portable Power Put To Use
Founder GuideHow Harsh Vardhan Goenka became founding engineer #1 at Kalpa Labs
EcosystemsDelhivery Q2 revenue rises 20% as profit hits $4.3m

US technology stocks tumble as fears over hyperscaler artificial intelligence spending grow

Major stock indices dropped significantly on Friday following weak tech earnings that stoked investor anxieties regarding massive spending on artificial intelligence infrastructure.

FTMQ Startups, written by our newsroom31 October 2026 at 00:010 views

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United States technology stocks fell sharply on Friday following disappointing quarterly earnings from Amazon and Intel, according to reports from The Information and TradingView. The Information reported that the tech-heavy Nasdaq Composite fell by almost 3%, while the S&P 500 declined by nearly 2% and the Dow Jones Industrial Average dropped by 1%. [1][3]

The market decline was driven by mounting investor concerns regarding artificial intelligence capital expenditures, Futuriom and TradingView reported. Hardware and optical component providers were particularly hard hit, with 24/7 Wall St. reporting that Applied Optoelectronics fell by 15%, Coherent declined by 13%, and both Lumentum and Marvell dropped by 10%. [2][3][4]

Concerns surrounding an artificial intelligence stock bubble have grown amid rapid investment across the sector. Investment in early artificial intelligence was funded mainly by operating cash flow, but the bond market came to dominate financing alongside $3 trillion in off-balance-sheet commitments. [6]

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In short

The Nasdaq Composite dropped almost 3% on Friday following disappointing results from Amazon and Intel.
Shares of Applied Optoelectronics plunged 15% and Coherent fell 13% amid AI spending fears.
Lumentum and Marvell both saw their stock prices sink by 10%.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

[1]U.S. Stocks Dive on AI Spending FearsThe Information, 3h ago (the report this story comes from)
[2]Applied Optoelectronics Plunges 15%, Coherent Tumbles 13% as Hyperscaler Spending Fears Hit AI Optics Stocks; Lumentum and Marvell Sink 10%24/7 Wall St., 8h ago
[3]IXIC: Nasdaq Futures Slide in Post-Earnings Selloff as AI Spending Fears Hit Global TechTradingView, 20h ago
[4]Hyperscaler Stocks Fall on Investor AI FearsFuturiom, 1d ago

Background

[5]List of largest daily changes in the Dow Jones Industrial Average on Wikipedia
[6]AI bubble on Wikipedia

Our newsroom writes these reports with the help of software, from the 6 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

Earlier reports of ours on the same people and subjects.

Morgan Stanley CEO expects decade of major artificial intelligence investmentTop Stories, 16d ago
Anthropic files S-1 revealing soaring revenues and infrastructure spendingTop Stories, 4d ago
AI chip stocks fall following reports on OpenAI annualized revenue figuresIPOs and Public, 22d ago
Microsoft offers voluntary buyouts to roughly 60,000 employees globallyTop Stories, 4d ago
Telecommunications stocks fall as SpaceX acquires spectrum to expand Starlink MobileIPOs and Public, 21d ago

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