JOURNAL ARTICLE

Nasdaq 100 Sinks Into Correction as Big Tech Stocks Keep Falling.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Vlastelica, Ryan 3 of 3

Abstract

The article focuses on the Nasdaq 100 Index entering correction territory, defined as a decline of at least 10%, amid a significant downturn in major technology companies. Since peaking in October 2025, the index has fallen 11%, driven by steep losses in tech giants such as Microsoft Corp., Meta Platforms Inc., and Nvidia Corp., amid investor concerns over artificial intelligence (AI) spending and geopolitical tensions related to the Iran war. Despite the selloff, Wall Street remains optimistic about the so-called "Magnificent Seven" tech firms—Nvidia, Microsoft, Apple Inc., Alphabet Inc., Amazon.com Inc., Meta, and Tesla Inc.—which are projected to achieve 19% profit growth in 2026, outpacing the broader S&P 500. The Nasdaq 100’s valuation has also become more attractive, trading at 21 times estimated earnings compared to a peak of 28 times in October. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Economics
  • Publication Date:2026
  • Accession Number:192604217
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