The Economic Times

Nasdaq big crash today: Nasdaq falls over 400 points, wipes out $1.1 trillion as AI stocks tumble why AI shares are falling

Nasdaq big crash today: Nasdaq falls over 400 points as AI stocks tumble. The Nasdaq Composite crashed 422.49 points today. This 1.79% drop took the index to 23,169.62. Over $1 trillion in value vanished. AI stocks are leading the tumble. Customers are building their own tools with Anthropics Claude. They no longer want expensive SaaS subscriptions. Salesforce and ServiceNow fell 5% and 7%. PayPal cratered 17.33% to $43.26. TriNet lost 14.12%.