Intel plunges 30% as Nasdaq 100 slides nearly 4% on AI spending fears

Wall Street fell sharply on Friday as disappointing tech results revived worries about AI spending. The Nasdaq 100 dropped nearly 4%, nearing correction territory, and the S&P 500 lost around 2%. Intel slumped roughly 30%, its biggest one-day fall in over 40 years, after a weak outlook, while Amazon slipped 2%. The Nasdaq 100 has shed over $1.2 trillion in October.