Nasdaq Faces $2 Trillion Wipeout in October

Nasdaq 100 is on track for a $2 trillion October wipeout as investors question whether surging AI capex will generate adequate returns. Meta's record $97.5 billion fundraising amplifies dilution and capital-market dependency concerns across Big Tech. The news reinforces near-term de-risking in high-multiple technology and AI-linked equities, with volatility likely elevated as earnings test spending discipline.