Why Did the US Stock Market Crash? $2 Trillion Wiped Out
Wall Street ended October with a brutal selloff, wiping roughly $2 trillion from the Nasdaq-100’s market value as investors questioned whether the artificial intelligence boom could justify its enormous costs. The damage was concentrated in technology stocks. Intel collapsed nearly 29% on Friday, Reddit fell 29%, and Google parent Alphabet lost more than $500 billion The post Why Did the US Stock Market Crash? $2 Trillion Wiped Out appeared first on BeInCrypto.
Read Full Article on BeInCryptoSummary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in AI x Crypto
Reddit Stock Crashed 29%: Is Google AI Coming for More Stocks?
Reddit stock fell 29% in its worst day ever as Google's AI answers cut clicks. Other stocks face the same squeeze. The post Reddit Stock Crashed 29%: Is Google AI Coming for More Stocks? appeared first on BeInCrypto.
Bitcoin Uptober Failed as Oil, Bonds and AI Broke Pattern: What Changed?
Bitcoin Uptober ended in a 7% loss as oil, bonds and AI trades broke their usual pattern. See what changed in October. The post Bitcoin Uptober Failed as Oil, Bonds and AI Broke Pattern: What Changed? appeared first on BeInCrypto.
AI agents bypassed crypto spending limits without human approval, researchers find in a new test
The researchers say any approval an agent can reach is unreliable, and they built Countersign, an app tying approval to a physical action the agent can’t fake.