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Nasdaq futures plunge on AI spending fears

Nasdaq futures plunge on AI spending fears

Published 3 days, 13 hours ago
Description

Nasdaq futures plunge as Alphabet's half a trillion dollar wipe out rips through the sector... And Intel shares look set to follow suit, eyeing a 20 percent drop at the open. Elsewhere, Binance suspends withdrawals after suspected state-backed hackers infiltrate a corporate laptop, draining 6-point-3 billion dollars in the largest digital asset heist on record. And, BP third quarter net income blows past expectations, coming in at almost 8-and-a-half billion dollars. The oil major says it will use the excess cashflow to address the remaining Deepwater Horizon liabilities in full.

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