$1 trillion US market rout: Tesla, Nvidia tank, Nasdaq’s worst day since 2022

Investors faced a $1 trillion loss in the Nasdaq 100 Index as scepticism grew over the immediate returns on AI investments. Major tech stocks like Nvidia, Broadcom, and Arm Holdings saw significant declines. Triggered by Alphabet's lukewarm earnings and Tesla's uncertain self-driving progress, tech volatility spiked. Analysts caution that AI infrastructure spending may take years to pay off, leading to short-term market instability and heightened protection against tech stock fluctuations.

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By Jeran Wittenstein

Investors soured on the promise of artificial intelligence Wednesday, sparking a $1 trillion rout in the Nasdaq 100 Index as questions swirled over just how long it will take for the substantial investments in the technology to pay off.

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