October ends with a thud for Intel, Reddit, AI stalwarts
A downturn in the technology rally led to sharp losses for several major firms. Intel and Reddit shares fell by 29%, while Sandisk, a beneficiary of AI spending, saw a 13% decrease.
Key points
- The Nasdaq composite experienced its biggest drop since June.
- Intel and Reddit shares both declined by 29%.
- Sandisk shares fell by 13%.
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