The Nasdaq-100 dropped significantly as investor anxiety around the high cost and uncertain returns of artificial intelligence infrastructure resurfaced. This concern was amplified by recent earnings reports from Tesla, which cut its capital expenditure forecast, and Meta Platforms, which announced a new share issuance to fund its AI development. Adding to the negative sentiment, a sharp increase in oil prices, with Brent crude nearing a five-month high, has fueled broader inflation and geopolitical fears. The sell-off was widespread across the technology sector, impacting mega-cap stocks and semiconductor companies.