The Nasdaq 100 index fell 10% into a correction phase

According to Gate market data, the Nasdaq 100 Index is set to enter a correction phase, as concerns about the ultimate returns on AI investments are weakening market sentiment towards tech giants.

On Tuesday, the index fell by 1.6%, and it is expected to enter a correction phase by the close, with a decline of 10%. In just 38 trading days, the index has fallen to this technical threshold, significantly faster than the corrections before March of this year.