Tech Stocks Slide As Nasdaq 100 Nears Correction Driven By AI Spending Fears

Source: International Business Times

A trader works on the floor of the New York Stock Exchange during the afternoon of December 10, 2014 in New York City. Andrew Burton/Getty Images KEY POINTSThe tech-heavy Nasdaq-100 index approached correction territory, dropping roughly 10% from its June record high. South Korea's Kospi index suffered a rapid bear-market decline driven by the volatility of AI chipmaker stocks.