The Nasdaq Index dropped significantly as tech stocks saw a significant drop in value. The decline was driven by concerns over AI spending and financing risks. Alphabet, Google's parent company, experienced its worst trading day on record, losing $711 billion and $500 billion in market value. US tech stocks saw sharp declines as AI spending reached $1 trillion. Wall Street fell sharply, reflecting market anxiety over the tech sector's financial health. Investors expressed concern as the market remained volatile. The tech sector's performance remains a key focus for analysts and investors alike.