Tech slides on AI slowdown fears as Meta unveils a no-vote stock split and jobless claims fall

Tech stocks slid on October 22, 2026, as worries about an AI slowdown followed earnings from Tesla, SpaceX and Meta, with Microsoft, Amazon and Alphabet still to come. Interactive Brokers senior economist Jose Torres weighs in on 3.7% inflation, jobless claims falling to a three-month low, Brent back above $110, and a new Goldman Sachs note estimating that about 9% of workers could be temporarily displaced during the AI transition, after Nvidia CEO Jensen Huang argued AI creates jobs. RBC Capital Markets' Brad Erickson breaks down Meta's plan to give shareholders a new nonvoting Class C share