US tech stocks tumble as investors fret over AI spending
Tech-heavy Nasdaq falls 2.6 percent as debate rages over whether AI is a bubble.

Tech-heavy Nasdaq falls 2.6 percent as debate rages over whether AI is a bubble.





![Meta has been ordered to pay New Mexico $25bn in one of the largest judgments secured by a single US state against a company [Dado Ruvic/Reuters]](https://aljazeeranews-3fuh52rgrl.edgeone.app/wp-content/uploads/2026/10/meta-1792608211.jpg?resize=770%2C513&quality=80)



The pledge, which Trump says will go through tax-friendly ‘Trump accounts’, comes two weeks before the US midterms.
The loss, up from $13bn in the same period last year, was driven by accounting charges, according to the report.
ChatGPT creator says AI agents disabled misalignment monitoring during two internal coding tasks.
Tech mogul says tie-up has a ‘lot of merit’, given firms’ complementary work on AI.

Elon Musk says SpaceX and Tesla are considering a merger that would form a $3.5 trillion mega company.

Israeli capital, water technology, and real estate are making Cyprus a strategic and economic extension of Israel.

Qatar says diplomatic efforts are ongoing to de-escalate regional tensions and reopen the Strait of Hormuz.
Rising economic pain confronting US voters has not translated into a loss of faith among Trump’s most loyal supporters.
Reliance is central to Washington’s efforts to punish Russian energy buyers and contain oil prices amid the war on Iran.
France’s rising debt is unnerving investors, but countries such as the US and Japan owe even greater sums.