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Nasdaq-100 enters third correction this year amid rising AI concerns

Market News
03 Nov 2026, 02:03 WIB
Market Watch
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Bearish
Nasdaq-100 enters third correction this year amid rising AI concerns

The Nasdaq-100 index fell into correction territory on Monday, marking its third drop of at least 10% from a recent peak this year. The decline is driven by growing doubts about the assumptions investors made regarding artificial intelligence (AI). This ongoing tech selloff raises questions about whether a broader bear market is approaching. Investors are closely watching how AI developments will impact tech stocks moving forward.

The Nasdaq-100 index's third correction this year provides context for technology sector performance on Pluang as of Nov 03, 2026 06:51 WIB: Among 150 priced US tech stocks, 45 rose and 104 fell today. Notable movers include INTC (Intel Corp) down 8.09% at USD 60.44 with a typical hold time of 116 days, FIRY (Firy Inc.) up 8.06% at USD 13.28 with a 14-day hold, and CRSR (Corsair Gaming Inc) down 8.05% at USD 12.62 with a 26-day hold and 100% buy order activity.

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