Technology shares fall as AI investment faces scrutiny

Friday’s selloff hit the Nasdaq and cloud-computing company CoreWeave.

By The Side Street17 October 2026 · 1 min read

Server equipment photographed in 2019. Context image; not a CoreWeave facility. Photo: Tony Webster / CC BY 2.0. Cropped for layout.

News brief · Reporting published October 16, 2026.

WSJ’s October 16 market recap reports a 2.1% decline in the Nasdaq Composite. CoreWeave fell 11.9% that day, taking its weekly loss beyond 23%, as concerns about returns on heavy AI spending resurfaced.

These moves describe that trading session. They do not establish the future direction of AI-related shares.

Source: Read the original WSJ report.

The Side Street by upform.work

Keep reading

The Federal Reserve’s Eccles Building in 2011. File photograph; not the Bangkok event.

EconomyNews

Warsh leaves the next Fed decision open

The Fed chair discussed AI and the economy without signalling the next rate move.

By The Side Street

17 October 2026 · 1 min read

Gold bullion illustration used for context; not an image of the reported trading session.

TradingNews

A softer dollar helps gold finish higher

Gold gained as dollar weakness outweighed pressure from a modest rise in yields.

By The Side Street

17 October 2026 · 1 min read

Shanghai skyline in 2019. File photograph used for context.

PoliticsNews

China seeks comments on wider technology export rules

A draft proposal covers AI alongside biomedical and solar technologies.

By The Side Street

17 October 2026 · 1 min read