https://www.bloomberg.com/news/articles/2024-08-02/nasdaq-100-is-in-correction-territory-with-ai-darlings-sinking/
The violent rotation from Big Tech plunged the Nasdaq 100 Index into correction territory, wiping out more than $2 trillion in value in just over three weeks, as traders unwound bets that had been minting money for over a year.

Nasdaq 100 in Correction Territory With AI Darlings Sinking…
More from BusinessMore posts in Business »
- Kalshi CEO says state-led oversight of U.S. prediction markets would push them out
- Exclusive: Koch’s venture arm backs a16z-backed Emanate’s push to bring AI to industrial sales
- Kraken parent company Payward to become first crypto firm to buy a European Bank
- ‘The biggest financial institutions are not above the law’: Bessent hits BofA with $1.2 billion fine for money laundering—the third-largest in history
- AI agents make 138 million crypto payments as U.S. dominates spending on AI models
- Kalshi co-founder says having ‘no VPs’ has been key to company’s explosive growth
- ‘The island is second to none’: Trump says ‘massive’ oil, gas and mineral exploration set to begin in ‘our new and beautiful’ Greenland
- Crypto Long & Short: Why gold and bitcoin belong in the same portfolio
- EasyA hits $1.1 billion valuation, targets 2027 public listing and tokenized shares
- BlackRock’s crypto ETF assets surge 63% but remain far below 2025 peak
More from UncategorizedMore posts in Uncategorized »
- Kalshi CEO says state-led oversight of U.S. prediction markets would push them out
- Exclusive: Koch’s venture arm backs a16z-backed Emanate’s push to bring AI to industrial sales
- Kraken parent company Payward to become first crypto firm to buy a European Bank
- ‘The biggest financial institutions are not above the law’: Bessent hits BofA with $1.2 billion fine for money laundering—the third-largest in history
- AI agents make 138 million crypto payments as U.S. dominates spending on AI models
- Kalshi co-founder says having ‘no VPs’ has been key to company’s explosive growth
- ‘The island is second to none’: Trump says ‘massive’ oil, gas and mineral exploration set to begin in ‘our new and beautiful’ Greenland
- Crypto Long & Short: Why gold and bitcoin belong in the same portfolio
- EasyA hits $1.1 billion valuation, targets 2027 public listing and tokenized shares
- BlackRock’s crypto ETF assets surge 63% but remain far below 2025 peak







