India, Oct. 15 -- The Nasdaq Composite declined on October 15, 2026, as semiconductor and technology stocks faced selling pressure amid concerns about artificial intelligence (AI) investments, inflation, and the Federal Reserve's interest rate outlook. According to the supplied market data, the index fell 371.01 points, or 1.39%, to 26,321.86.

Technology stocks recorded mixed performances, with sharp losses in semiconductor companies weighing on the index. Super Micro Computer, Intel and Advanced Micro Devices (AMD) were among the biggest losers in the supplied figures, while Intuit, Adobe and CoStar Group recorded gains.

Investors are assessing whether spending on AI chips, cloud computing and data centres can sustain future growth. In...