The sell-off for tech stocks deepens as the Nasdaq heads toward its worst day since June

NEW YORK (AP) — A sell-off for tech stocks is getting worse Friday on worries that Wall Street's frenzy around AI sent prices too high.The S&P 500 dropped 1.6% and was on track to erase its gain for October, even though it set its all-time high during the month. The weakness for technology stocks dragged the Nasdaq composite down 2.6% toward its worst day since June, as of 12:30 p.m. Eastern time, while the Dow Jones Industrial Average was down 359 points, or 0.7%.Intel's stock led the way downard and is flirting with its worst day since 1974 after tumbling 29.7%. The chipmaker gave a forecast for profit in the final three months of this year that fell short of analysts’ expectations, as CEO Lip-Bu Tan said the personal-computer industry continues to feel pressure. The drop came even though Intel a stronger profit for the latest quarter than analysts expected.Amazon sank 1.9% after reporting a weaker profit for the summer than analysts expected. Potentially more concerning for investo