Nasdaq Falls More Than 10% From Record Close, Near Correction
The Nasdaq Composite fell more than 10% from its record close Thursday, putting it on track to confirm a correction as worries about AI spending and data-center expansion scrutiny rattled technology stocks.
By Utkarsh Hathi and Johann M CherianThe Nasdaq slid more than 10% from its record close on Thursday, on track to confirm a correction as worries over massive AI spending and heightened scrutiny of data-center expansion rattled tech stocks.The tech-heavy Nasdaq Composite Index TVC:IXIC fell near…