Nasdaq 100 Falls Into Official Correction

The Nasdaq 100 has dropped 10% from its October record high, meeting the textbook definition of a correction after Amazon and Intel earnings deepened an AI-stock selloff. The broader Nasdaq Composite sank 3.6% in that single rout, while the S&P 500 held up noticeably better, losing 2.4% and staying clear of the same threshold. The gap shows how concentrated the pullback is in the mega-cap names trading through $QQQ, which continues to bear the brunt of the AI unwind.