Technology
OpenAI reportedly cuts fundraising and valuation targets amid AI jitters
By Katherine Langford
Wall Street drops to its worst day since June after tech sell-off deepens
Katherine Langford
Katherine Langford
Editor-in-Chief · Edina, MN
Katherine oversees editorial operations across all six brands. Before joining The Meridan Group, she spent 14 years at the Minneapolis Star Tribune, where she led the metro desk through its digital transformation. She holds a Master's in Journalism from Northwestern's Medill School.
More from Katherine →Editor-in-Chief · Friday, October 30, 2026 at 10:01 PM · 1 min read
A sell-off for tech stocks got even worse on Friday on worries that Wall Street’s frenzy around artificial intelligence technology sent prices too high. The S&P 500 tumbled 1.8 per cent for its worst day since June, and it closed out a third straight losing week. The weakness for technology stocks dragged the Nasdaq composite down a market-leading 2.9 per cent, while the Dow Jones Industrial Average dropped 572 points, or 1.1 per cent. The US stock market remains only 3.1 per cent below its...
Up nextOpenAI reportedly cuts fundraising and valuation targets amid AI jittersTechnology · 5 min read
