Nasdaq 100’s Worst Quarter in Years Sealed by AI Bubble Fears
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In a quarter marred by tariff uncertainty, US government spending cuts and the threat of recession, it is fears about a bubble brewing in artificial intelligence that have dealt the latest blow to the Nasdaq 100.
The tech-heavy benchmark posted its worst quarter in nearly three years, down 8.3%, after a pair of warnings last week fanned anxieties about a possible pullback in the hundreds of billions of dollars flowing into data center infrastructure. The renewed selling stamped out a nascent rebound and left investors ducking for cover, yet again.