Nasdaq Poised to Plunge as AI Stock Wipeout Follows Hot Inflation Data

Third quarter GDP beat at 3.4% while inflation stuck at 3.6%, and traders now see an 80% chance of a December Fed hike. Eric Bleeker covers the market's risk-off turn and the morning's biggest earnings movers, from Alphabet and ServiceNow…

Published October 29, 2026, 3:51pm ET · 1 min read

Eric Bleeker

Eric Bleeker, CFA has been investing for more than 20 years. He began his career working at Microsoft before joining Motley Fool, one of the largest publishers of financial research. In his 15 years at Motley Fool Eric served as the General Manager for Fool.com and led coverage in the Technology & Telecom sector. In addition, he was a featured columnist and has hosted dozens of investing seminars attended by more than a million total investors. Eric has more than 1,000 financial bylines to his name and has been featured in The Wall Street Journal, CNBC, Fox Business, and many other leading publications. He is currently focused on artificial intelligence investing and is a CFA Charterholoder.

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