Nasdaq Opens Lower Amid AI Concerns, Chip Sell-Off

By EC Assets · Published 28 July 2026

The Nasdaq Composite opened lower today, driven by concerns surrounding artificial intelligence (AI) and a deepening sell, off in chip stocks. This market movement precedes several key earnings reports. The Dow Jones Industrial Average, however, showed gains. Investors are closely examining AI spending, particularly after Alphabet's recent earnings report. Meta Platforms is anticipated to face significant AI pessimism as it approaches its own earnings announcement. The Nasdaq's decline is partly attributed to a dive in chipmaker stocks. In individual company news, Coca, Cola surpassed its earnings estimates. The beverage company also raised its full, year outlook, demand for its products. PayPal also reported an earnings beat. Its CEO indicated that the company would consider merger deals if they offered superior value to shareholders compared to its current strategy. This week's pivotal earnings reports will offer further insights into corporate performance and market sentiment, especially regarding the technology sector and AI, related investments. This article is intended for informational purposes only. It does not constitute investment advice.