# AI & Compute News, Oct 24, 2026: Tech stocks sink on AI worries as Meta cash flow turns negative and Nasdaq drops nearly

> The Nasdaq Composite fell nearly 2.6% on October 22, 2026, its worst day since June. Meta reported negative free cash flow for the first time since 2012 and…

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- **Updated:** 2026-10-24
- **Category:** news
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## Key data

- **Desk:** AI & Compute
- **Date:** Sat, Oct 24, 2026
- **Stories:** 5
- **Outlets cited:** 8
- **Items screened:** 12
- **Freshness:** last 48h

The Nasdaq Composite fell nearly 2.6% on October 22, 2026, its worst day since June. Meta reported negative free cash flow for the first time since 2012 and plans to issue new stock. ## Big Tech selloff: Meta cash burn, Tesla capex cut and oil above $112 Technology shares were hit hard on October 22, 2026, with the Nasdaq Composite down nearly 2.6% in its worst single-day fall since June. Meta posted negative free cash flow for the first time since 2012 amid heavy AI spending and said it would issue a new tranche of …

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## Sources

1. [Why Tesla's $5 billion capex cut isn't the warning sign AI stock bears think it is](https://finance.yahoo.com/technology/ai/article/why-teslas-5-billion-capex-cut-isnt-the-warning-sign-ai-stock-bears-think-it-is-124021981.html)
2. [Stock market today: S&P 500, Nasdaq tanks as tech stocks sink amid AI trade worries, Meta shares plummet](https://finance.yahoo.com/markets/live/stock-market-today-thursday-october-22-dow-sp-500-nasdaq-tesla-meta-112217857.html)
3. [Wall Street Is Getting Very Nervous About AI](https://jacobin.com/2026/10/artificial-intelligence-investors-finance-bubble)
4. [Opinion | AI industry selloff on Wall Street shows the market is working](https://www.washingtonpost.com/opinions/2026/10/23/ai-industry-selloff-wall-street-shows-market-is-working)
5. [Google told to halt work on Finnish data centers after clearing an estimated 250,000 trees](https://fortune.com/2026/10/23/google-finland-data-center-250-000-trees-environment/)
6. [Google will pay people to use less electricity so its data centers can use more](https://www.computerworld.com/article/4239858/google-will-pay-people-to-use-less-electricity-so-its-data-centers-can-use-more.html)
7. [Shares in this data center company are down 40% as investors lose faith in the AI story](https://techxplore.com/news/2026-10-center-company-investors-faith-ai.html)
8. [Federal Reserve Interest Rate Decision Faces Challenges From AI, Inflation, War](https://www.bloomberg.com/news/articles/2026-10-23/federal-reserve-interest-rate-decision-faces-challenges-from-ai-inflation-war)

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- [Markets: SpaceX says a Tesla merger would need Elon Musk's approval](https://agentflare.org/news/2026-10-24-markets.html)

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