# Tech Selloff Deepens as AI Spending Fears Grow _Nasdaq futures tumbled 2.5% as Bloomberg Podcasts reported growing doubts over Big Tech AI spending, with spillover to crypto and new FTC action against Toast._ **Published:** 2026-10-30 **Source:** https://www.startuphub.ai/ai-news/public-companies/2026/tech-selloff-deepens-as-ai-spending-fears-grow --- Wall Street's tech selloff is picking up steam as investors question whether Big Tech's massive AI spending will ever pay off, with Nasdaq futures tumbling more than 2.5% [Bloomberg Podcasts](https://www.youtube.com/watch?v=m9GRcOf_voQ) reported. AI Spending DoubtsDriverFrom the article 3 mentionsWall Street's tech selloff is picking up steam as investors question whether Big Tech's massive AI spending will ever pay off, with Nasdaq futures tumbling more than 2.5% Bloomberg Podcasts reported.drivesValuation Fatigue RepricingContextFrom the articleI read that as valuation fatigue more than an AI verdict, and even if the spending eventually pays, the market is repricing for delay.triggersNasdaq Futures PlungeOutcomeFrom the article 2 mentionsThe Nasdaq 100 futures contract had slumped by 723 points, or 2.5%, by 07:15 ET while S&P 500 futures slid 82 points, or 1.1%, according to Yahoo Finance.dragsS&P Futures SlideOutcomes and p 500 futures slid 82 points or 1.1 percentFrom the article 2 mentionsWall Street's tech selloff is picking up steam as investors question whether Big Tech's massive AI spending will ever pay off, with Nasdaq futures tumbling more than 2.5% Bloomberg Podcasts reported.spillsCrypto Spillover SellingEffectFrom the articleCourtney Donohoe said the selling is spilling into crypto with Bitcoin heading for a six-week low after a suspected hack at Binance, the world's largest crypto exchange.AI Spending DoubtsDriverFrom the article 3 mentionsWall Street's tech selloff is picking up steam as investors question whether Big Tech's massive AI spending will ever pay off, with Nasdaq futures tumbling more than 2.5% Bloomberg Podcasts reported.FTC Sues ToastCoreallegedly luring businesses with trials then blocking paid subscription cancellationsValuation Fatigue RepricingContextFrom the articleI read that as valuation fatigue more than an AI verdict, and even if the spending eventually pays, the market is repricing for delay.Toast Fights BackEffectrestaurant tech firm says it plans to fight ftc allegations in courtFrom the articleDonohoe also reported the Federal Trade Commission is suing restaurant technology firm Toast for allegedly luring businesses with trials and then making it difficult to cancel paid subscriptions, which Toast says it plans to fight.triggersNasdaq Futures PlungeOutcomeFrom the article 2 mentionsThe Nasdaq 100 futures contract had slumped by 723 points, or 2.5%, by 07:15 ET while S&P 500 futures slid 82 points, or 1.1%, according to Yahoo Finance.dragsS&P Futures SlideOutcomes and p 500 futures slid 82 points or 1.1 percentFrom the article 2 mentionsWall Street's tech selloff is picking up steam as investors question whether Big Tech's massive AI spending will ever pay off, with Nasdaq futures tumbling more than 2.5% Bloomberg Podcasts reported.spillsCrypto Spillover SellingEffectFrom the articleCourtney Donohoe said the selling is spilling into crypto with Bitcoin heading for a six-week low after a suspected hack at Binance, the world's largest crypto exchange. I read that as valuation fatigue more than an AI verdict, and even if the spending eventually pays, the market is repricing for delay. The [Nasdaq 100](https://www.startuphub.ai/ai-news/public-companies/2026/nasdaq-100-sinks-5-in-ai-led-selloff) futures contract had slumped by 723 points, or 2.5%, by 07:15 ET while S&P 500 futures slid 82 points, or 1.1%, according to Yahoo Finance. ![Bloomberg Money Minute | Tech Selloff Deepens as AI Fears Grow - Bloomberg Podcast](https://img.youtube.com/vi/m9GRcOf_voQ/maxresdefault.jpg) Bloomberg Money Minute | Tech Selloff Deepens as AI Fears Grow, Bloomberg Podcast Courtney Donohoe said the selling is spilling into crypto with [Bitcoin](https://www.startuphub.ai/ai-news/prediction-markets/2026/microstrategy-bitcoin-sale-bets) heading for a six-week low after a suspected hack at Binance, the world's largest crypto exchange. Donohoe also reported the Federal Trade Commission is suing restaurant technology firm Toast for allegedly luring businesses with trials and then making it difficult to cancel paid subscriptions, which Toast says it plans to fight. Donohoe said the share of household spending devoted to alcohol fell last year to a record low at just $630 per household, or less than 0.8% of total spending, a reminder that consumer pullback is not only a tech story. --- Original analysis from [startuphub.ai](https://www.startuphub.ai), the #1 AI startup directory. © StartupHub.ai. All rights reserved. You may not republish this article in full without a license. Search engines and AI research tools may crawl and summarize for reference. Bulk reproduction or model training on this content requires a license. See https://www.startuphub.ai/terms.